IDEAS home Printed from https://ideas.repec.org/a/asi/aeafrj/v13y2023i5p308-319id4780.html
   My bibliography  Save this article

Fintech’s game-changing opportunities for SMEs: A study on selected SMEs in Bangladesh

Author

Listed:
  • Md. Ariful Hoque

Abstract

The growth of a developing economy, such as that of Bangladesh, relies on its small and medium-sized enterprises (SMEs) as they account for more than 25% of the country’s gross domestic product (GDP). The present study assesses the impact of financial technology (fintech) on the growth of SMEs in Bangladesh. A structured questionnaire was developed and used to collect primary data from 77 respondents who work at 10 selected SMEs. Fintech products, especially mobile money, digital lending and mobile or online banking, are used as explanatory variables, while the growth of SMEs is the response variable. IBM SPSS was used to analyze the collected data, and regression analysis was used to assess the effect of fintech on the growth of SMEs in Bangladesh. Mobile money and mobile or online banking were found to have a statistically significant impact on SME growth, while digital lending did not. Therefore, fintech service providers should increase efforts to advertise their products to encourage more merchants to use them. This is the only study to date that conclusively proves that fintech products, especially mobile money and mobile or online banking, significantly affect SME growth in Bangladesh.

Suggested Citation

  • Md. Ariful Hoque, 2023. "Fintech’s game-changing opportunities for SMEs: A study on selected SMEs in Bangladesh," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 13(5), pages 308-319.
    • Handle: RePEc:asi:aeafrj:v:13:y:2023:i:5:p:308-319:id:4780
    as

    Download full text from publisher

    File URL: https://archive.aessweb.com/index.php/5002/article/view/4780/7588
    Download Restriction: no
    File URL: https://archive.aessweb.com/index.php/5002/article/view/4780/7757
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:asi:aeafrj:v:13:y:2023:i:5:p:308-319:id:4780. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Robert Allen (email available below). General contact details of provider: https://archive.aessweb.com/index.php/5002/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.