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The Role of Fintech Development in Financial Inclusion in Asia* Cover

The Role of Fintech Development in Financial Inclusion in Asia*

Open Access
|Apr 2021

Abstract

Over the past years, financial technology (Fintech) has been known as an industry that uses technology to provide financial services and make financial systems more efficient. Fintech plays an important role in improving access to financial services for all, at the same time, promoting financial inclusion. Financial inclusion represent for availability of financial system which is straightforward to access to useful financial products and services by everyone at reasonable prices. The study examined the relationship between Fintech development and financial inclusion in 45 Asian countries. Using the GMM regression technique, the paper confirms the correlation between Fintech development and financial inclusion through the enhancement of Fintech infrastructure and Fintech ecosystems to facilitate improved financial inclusion.

DOI: https://doi.org/10.36544/irfc.2021.6-1.3 | Journal eISSN: 2508-464X | Journal ISSN: 2508-3155
Language: English
Page range: 45 - 54
Submitted on: Feb 26, 2020
Accepted on: Apr 19, 2021
Published on: Apr 30, 2021
Published by: International Academy of Financial Consumers
In partnership with: Paradigm Publishing Services

© 2021 Dinh Thi Thanh Van, Hoang Thi Ngoc Anh, Tran Thi Phuong Diu, published by International Academy of Financial Consumers
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.