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Steering the digital shift: the role of fintech in transforming banking in emerging markets

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  • Arthur William Fodouop Kouam

    (Sanya University)

Abstract

This research examines the drivers of fintech adoption and its impact on financial inclusion in emerging markets—specifically, India, Kenya, Brazil, and Indonesia—between 2015 and 2023. The research employs a quantitative approach, utilizing panel data regression analysis with secondary data sourced from various sources, including the Findex Database (World Bank), the Global Fintech Report (2023), and several national regulatory reports. The study’s empirical model includes Ordinary Least Squares (OLS) with robust standard errors and fixed effects to control for unobserved heterogeneity across countries. The results indicate a significant positive relationship: a unit increase in fintech adoption is associated with a 12.4% point increase in financial inclusion (p

Suggested Citation

  • Arthur William Fodouop Kouam, 2025. "Steering the digital shift: the role of fintech in transforming banking in emerging markets," SN Business & Economics, Springer, vol. 5(10), pages 1-21, October.
    • Handle: RePEc:spr:snbeco:v:5:y:2025:i:10:d:10.1007_s43546-025-00912-w
    DOI: 10.1007/s43546-025-00912-w
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    References listed on IDEAS

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    1. Thakor, Anjan, 2020. "Corrigendum to: Fintech and Banking: What Do We Know?," Journal of Financial Intermediation, Elsevier, vol. 43(C).
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    3. Blakstad, Sofie & Amars, Latif, 2020. "FinTech at the frontier: Technology developments supporting financial inclusion in Niger," Journal of Digital Banking, Henry Stewart Publications, vol. 4(4), pages 318-331, March.
    4. Khaled Mahmud & Md. Mahbubul Alam Joarder & Kazi Muheymin-Us-Sakib, 2022. "Adoption Factors of FinTech: Evidence from an Emerging Economy Country-Wide Representative Sample," IJFS, MDPI, vol. 11(1), pages 1-27, December.
    5. Jon Frost, 2020. "The economic forces driving FinTech adoption across countries," Working Papers 663, DNB.
    6. Bill Schlich & Ian Baggs & Steven Lewis & Karl Meekings, 2015. "Transforming banking for the next generation," Journal of Financial Perspectives, EY Global FS Institute, vol. 3(2), pages 77-89.
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