Factors Affecting Isfahanian Mobile Banking Adoption Based on the Decomposed Theory of Planned Behavior

Mobile banking is considered a new era in banking, in which banks are spending considerable amount of money to have it available to their customers and to cut their operations costs. The current exploratory study is an attempt to investigate the factors that influence Isfahanian’ intention to adopt mobile banking by extending the renowned framework of Decomposed Theory of Planned Behavior model (DTPB) by additionally examining the effects of trust and perceived risk as components of attitude on behavioral intention. A self-administrated questionnaire had been developed and distributed in Isfahan city. Out of 400 questionnaires that have been distributed, 315 are returned (78.0%). Of these, five (5) responses had to be discarded due to invalid or incomplete data entries. Thus the sample comprising of a total of 310 respondents was used for analysis. The data was analyzed by AMOS software. Results of the study discovered that the decisive or crucial factors influencing mobile banking adoption are attitude and perceived behavioral control, However, social norms were the only factor found insignificant. The perceived usefulness, perceived ease of use ,compatibility, and trust under 'behavioral attitude' have positive effect on behavioral attitude; while perceived risk under 'behavioral attitude' has negative effect on behavioral attitude. the influence of the interpersonal influence under 'subjective norms' was also evident, while self-efficacy and facilitating condition under 'perceived behavioral control' are significant influential factors.