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Financial Literacy and credit card usage: with special reference to Wewala West GN division, Sri Lanka

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dc.contributor.author Perera, PGTN
dc.date.accessioned 2020-11-20T06:19:17Z
dc.date.available 2020-11-20T06:19:17Z
dc.date.issued 2020-10-27
dc.identifier.uri http://dl.lib.mrt.ac.lk/handle/123/16134
dc.description.abstract Credit cards are a wide spreading modern payment instrument which is an important tool for producers and vendors in order to exist in the market and to uphold their strength in the present intense and competitive business world. Financial decision making is an integral part of daily life of people. Financial decision making and also the accuracy of those decisions depend on financial literacy. The main objective of this study is to identify whether there is a relationship between financial literacy and credit card usage. This study selected 300 households using simple random sampling technique from the 1442 households in the Wewala West GN division, in Colombo administrative district, Sri Lanka, which is the population of this study. Primary data were collected through a structured questionnaire. Validity analysis, frequency analysis, factor analysis, weighted average, Chi square test and independent sample t-test have been used for the analysis part of this study. The calculated financial literacy index is between 0 and 5.02. This study has found that credit card users have significantly high level of financial literacy rate. It has proven that, as shown in the previous literature in many countries, financial literacy rate is a considerable factor among other factors which affects the usage of credit cards. en_US
dc.language.iso en en_US
dc.subject Credit card usage en_US
dc.subject Financial literacy en_US
dc.subject Sri Lankan contex en_US
dc.title Financial Literacy and credit card usage: with special reference to Wewala West GN division, Sri Lanka en_US
dc.type Conference-Full-text en_US
dc.identifier.faculty Business en_US
dc.identifier.department Department of Social Statistics, University of Kelaniya en_US
dc.identifier.year 2020 en_US
dc.identifier.conference International Conference on Business Research en_US
dc.identifier.place Moratuwa en_US
dc.identifier.pgnos 87-94 en_US
dc.identifier.proceeding 3rd International Conference on Business Research en_US
dc.identifier.email pgtnp1991@gmail.com en_US


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  • ICBR-2020 (3rd) [19]
    International Conference on Business Research (ICBR) - 2020

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