“…Regarding the financial sector, technological innovation allowed the expansion and diversification of the use and access of financial services, increasing transactions and liquidity, eliminating barriers of spatial differentiation between users and financial institutions (Freitas, 2013;Sdiri & Ayadi, 2021). Technological innovation enables the use of financial services in an easy, safe, and fast way, such as buying investment products, insurance, and credits online, as well as, it is a great opportunity for the execution of financial inclusion and microcredit programs (Beck et al, 2016;Demirgüç-Kunt et al, 2018;Sharmila, 2019).…”