Search for a command to run...
This study investigates the environmental consequences of transitioning from traditional banking practices to internet and mobile banking (IMB), with particular attention to their potential role in reducing CO 2 emissions. Conventional transactions based on cash, ATMs, and point-of-sale systems carry significantly larger carbon footprints compared to digital alternatives. Drawing on IMB transaction data from 35 countries (15 underdeveloped, 14 developing, and 6 developed) between 2008 and 2022, the research employs sigmoid growth models, ARIMA forecasting, and panel data analysis to examine adoption trajectories and their environmental effects. The findings show that 29 countries, especially underdeveloped and developing economies, have yet to reach saturation in IMB usage, leaving substantial scope for further emission reductions. Forecasts suggest potential decreases of 440 Mt for underdeveloped, 250 Mt for developing, and 218 Mt for developed countries from 2023 until their respective saturation points, with the full sample representing 2.6% of global CO 2 emissions in 2023. These results highlight not only the technological promise of IMB but also the necessity of supportive infrastructure, policy frameworks, and cultural change, particularly in underdeveloped regions to realize its environmental and sustainable developmental benefits. • Study of 35 countries (2008–2022) links IMB use to CO 2 reduction. • Underdeveloped (15): models predict 440 Mt CO 2 cut at saturation. • Developing (14): logistic model shows 250 Mt CO 2 drop at saturation. • Developed (6): ARIMA forecasts 218 Mt CO 2 cut by 2026.