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ISRC 2026 Conference Abstract: DFS and Young Adult SavingsDocumentPublic Unlisted
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Document:ISRC 2026 Conference Abstract: DFS and Young Adult Savings

Title: The Effect of Digital Financial Services on Saving Behavior Among Young Adults in Bangladesh
Authors: Avisheak Saha Emon, Md. Raiyan Rubaiyat, Joy Majumder Anik
Affiliation: Department of BBA, Daffodil Institute of IT (DIIT)
Instructor/Mentor: Aminul Haque Russel
Track: Track 3 - Business, Law & Global Affairs
Presentation Preference: Oral Presentation

Abstract

In Bangladesh, the rapid expansion of Mobile Financial Services (MFS) has revolutionized general financial inclusion, yet young adults continue to face severe psychological and structural barriers to systematic capital accumulation. This study aims to quantify the empirical relationship between overall digital financial services (DFS) utilization and the saving habits of young adults, focusing specifically on how platform-mediated design elements help users overcome cognitive present bias and enhance savings consistency. A quantitative research approach was adopted to execute this inquiry, utilizing a structured primary survey to gather empirical data from a convenience sample of $N=350$ university-going young adults aged 18 to 25 across major educational institutions in Dhaka. The operationalized variables were analyzed using a bivariate ordinary least squares (OLS) linear regression model to isolate the predictive power of digital interface engagement on personal cash management. The statistical results reveal a significant positive relationship, demonstrating that higher frequency of interaction with digital budgeting tools and automated notifications predicts greater savings, while active engagement with platform-automated Deposit Pension Schemes (DPS) yielded a strong positive impact on overall savings consistency, as indicated by a hypothetical beta coefficient of $\beta_1 = 0.42$ ( $p < 0.01$ ). These findings suggest that digital financial service platforms do not merely serve as payment channels but function as powerful tools for behavioral intervention. Consequently, this study offers vital practical implications for financial institutions, fintech app developers, and national policymakers, highlighting the necessity of designing automated, choice-preserving saving defaults to foster long-term youth financial resilience.

Keywords

Discipline: Behavioral Finance
Concepts Investigated: Digital Financial Services, Saving Behavior, Present Bias
Methods / Process: Linear Regression Analysis, Primary Survey
Geography: Bangladesh