Fintech and Financial Inclusion in Developing Countries

Adjasi, Charles K.D.; Hamilton, Calumn; Lensink, Robert

doi:10.1007/978-3-031-23069-1_12

Cited by 5 publications

(3 citation statements)

References 59 publications

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“…However, FinTech can address these challenges by lessening inequality and strengthening inclusive economic growth for marginalized, unbanked populations (Hussain et al, 2023). An example of the success story of FinTech is mobile money services in Kenya and Tanzania, which has set standards for other developing countries to learn from Adjasi et al (2023). Despite FinTech's promises, FinTech firms face Expediting financial inclusion in Tanzania challenges such as regulatory and compliance risks, rapid technological change, unstable technology infrastructure and trust (Frost, 2020;J€ unger and Mietzner, 2020;Najaf et al, 2021).…”

Section: Literature Review Fintech Financial Inclusion and Environmentmentioning

confidence: 99%

“…FinTech plays an essential role in fostering financial inclusion by increasing the accessibility of financial services through internet-powered mobile gadgets and reducing the cost of financial services (Adjasi et al ., 2023; Senyo and Osabutey, 2020), thus attracting more people to make savings, remittances, borrow and invest (Ezenwafor, 2022; Lyons et al ., 2022; Ndung’u, 2022). In countries where financial inclusion is low (Kim et al ., 2018), FinTech is particularly important as it accelerates the uptake of financial services.…”

Section: Literature Reviewmentioning

confidence: 99%

“…However, FinTech can address these challenges by lessening inequality and strengthening inclusive economic growth for marginalized, unbanked populations (Hussain et al ., 2023). An example of the success story of FinTech is mobile money services in Kenya and Tanzania, which has set standards for other developing countries to learn from Adjasi et al . (2023).…”

Section: Literature Reviewmentioning

confidence: 99%

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Expediting financial inclusion in Tanzania using FinTech: the perspective of diffusion of innovation theory

Koloseni,

Mandari

2024

TECHS

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PurposeThe purpose of this paper is examining how financial inclusion can be enhanced in rural and remote areas in emerging economies through the adoption of Financial technologies. The study examines the direct influence of technological characteristics, facilitating conditions, trust and perceived risk on adoption of FinTech. Furthermore, the study examines the mediating effects of facilitating conditions and moderating effects of education level in adoption of FinTech.Design/methodology/approachThe study employed quantitative research design. Stratified and simple random sampling were employed to identify areas in which respondents will be collected. Drop and Pick method was further employed to collect 275 valid and reliable responses. Structural equation modeling was used to analyze the data and assess the reliability and validity of the measurement model. Structural model analysis was employed to examine the hypothesized relationship.FindingsThe results show that compatibility, complexity agent trust, perceived risk and facilitating have significant influence on adoption of FinTech. Furthermore, the findings show that facilitating conditions mediate the relationship between all technological characteristics and FinTech adoption except the relationship between compatibility and FinTech. The study also has found that education level moderates the relationship between observability and FinTech adoption as well as trialability and FinTech adoption.Research limitations/implicationsThis study employed cross-sectional research-based techniques in collecting data for analyzing the hypothesized relationship. However, the drawback of cross-sectional may impact the findings of this study over a long time. Therefore, future studies must consider conducting longitudinal studies which may collect data over some time for analysis of the FinTech adoption. Furthermore, the generalization of these findings should be considered carefully by other countries which are not economically similar to Tanzania and developed countries. This also provides room for future studies to examine the same area in countries with different economic development.Originality/valueThis study contributes to knowledge into two folds: First there is limited knowledge on adoption of FinTech in emerging economies; the study addresses the knowledge gap by providing empirical findings which will help scholar. Furthermore, less studies have examined the moderating effects of facilitating condition in adoption of technology. This study addresses the knowledge gap by examining the moderating influence of moderating influence of facilitating conditions. Also, this study provides empirical findings which will help policymakers to implement strategy that will speed-up financial inclusion in rural and isolated areas in emerging economies.

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Section: Literature Review Fintech Financial Inclusion and Environmentmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

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Expediting financial inclusion in Tanzania using FinTech: the perspective of diffusion of innovation theory

Koloseni,

Mandari

2024

TECHS

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Remote Working and Task Innovativeness – an Integrated Resource Based View and Antecedent-Behaviour-Consequence Perspective

Dzandu,

Hatsu,

De Cesare

2023

Inf Syst Front

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In response to the COVID-19 pandemic, organisations across the world have been adopting different strategies, including remote working (RW), to continue with their normal routines. However, little is known about the impact of RW strategy on task innovativeness, organisational performance, and employees’ continuance intention to remote work post-COVID-19. Using a variant of the resource-based view and the antecedent-behaviour-consequence models, data was collected from a total of 643 employees in the United Kingdom (UK) and Ghana; and analysed using structural equation modelling (Study 1). The results showed and confirmed a positive effect of RW strategy, information systems (IS) resource availability and capabilities on employees’ task innovativeness leading to improved organisational performance. Further, interviews were then conducted with 22 participants from Ghana and the UK (Study 2) to understand the reasons for the outcomes in Study 1. These provided a basis for employees’ continuance intention to remote work. The need to upgrade the current levels of IS resources to support job redesign and responsive workaround in times of uncertainty is highlighted for the consideration of businesses, organisations, and policymakers.

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Strategic insights: evaluating SDG 4, SDG 8, SDG 9 and SDG 16 in driving sustainable growth in the global FinTech landscape

Pauliukevičienė,

Stankevičienė,

Binh

2024

RIBS

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Purpose To strategically evaluate the sustainable development of the FinTech industry on a global scale, which has not been done to date. This study aims to address this scientific problem and empirically analyze the contribution of the sustainable development goals (SDGs) and their indicators to the sustainable growth in the FinTech sector, whose impact is fundamentally changing the financial services sector, considering perspectives from business, academia and the public sector. The main contribution of this paper is, therefore, the identification of strategically relevant sustainability indicators and factors for defining and assessing the sustainability of the FinTech industry at the national level, and their application in further research and practice globally. Design/methodology/approach Multicriteria simple additive weighting is used in quantitative empirical research. Findings Three primary conclusions are indicated by the study’s results: the SDGs 9 “Industry, Innovation, and Infrastructure,” SDG 4 “Quality Education,” SDG 8 “Decent Work and Economic Growth” and SDG 16 “Peace, Justice, and Strong Institutions” are the most important for the sustainable growth of the FinTech industry. Unrestricted public access to FinTech and an educated working-age population are the main factors influencing the sustainable development of the FinTech industry. Northern Europe, with Finland, Germany, the Netherlands and Sweden leading the way, has the best sustainable development results related to the FinTech industry. Practical implications The results of the study are practically useful and applicable both to policymakers seeking to strategically bolster sustainable growth within the framework of the FinTech industry, and to FinTech companies conducting strategic development internationally. Originality/value The study initiates a discussion in the scientific community about what constitutes sustainable development of the global FinTech industry, which is currently not defined.

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Fintech and Financial Inclusion in Developing Countries

Abstract: Fintech and financial inclusion in developing countries. In T. Walker, E. Nikbakht, & M. Kooli (Eds.), The fintech disruption : How financial innovation is transforming the banking industry (pp. 297-327). (Palgrave Studies in Financial Services Technology). Palgrave MacMillan.

Cited by 5 publications

References 59 publications

Expediting financial inclusion in Tanzania using FinTech: the perspective of diffusion of innovation theory

Expediting financial inclusion in Tanzania using FinTech: the perspective of diffusion of innovation theory

Remote Working and Task Innovativeness – an Integrated Resource Based View and Antecedent-Behaviour-Consequence Perspective

Strategic insights: evaluating SDG 4, SDG 8, SDG 9 and SDG 16 in driving sustainable growth in the global FinTech landscape

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