IDEAS home Printed from https://ideas.repec.org/a/src/jafeec/v11y2025i4p499-512.html

Moderating Role of Financial Literacy on the Relationship between Financial Technology and SMEs’ Growth in Nigeria

Author

Listed:
  • Gbadebo, Adedeji Daniel

Abstract

Purpose: This study examines the effects of FinTech adoption and financial literacy on the growth of Small and Medium Enterprises (SMEs) in Zamfara State, Nigeria. It specifically evaluates the influence of mobile money services, agency banking and POS services, and digital microfinance/P2P lending on SME growth, as well as the moderating role of financial literacy in the relationship between FinTech adoption and SME performance.Design/Methodology/Approach: A quantitative research design was employed using primary data collected through a structured questionnaire administered to owners and managers of registered SMEs across various sectors in Zamfara State. A sample of 400 respondents was selected through stratified random sampling. The survey instrument captured data on FinTech usage, financial literacy, and SME performance. Descriptive statistics, Pearson correlation, and multiple regression analyses were used to assess the relationships among the variables.Findings: The results indicate that FinTech solutions, including mobile money, agency banking/POS services, and digital microfinance/P2P lending, significantly enhance SME growth in Zamfara State. Financial literacy also demonstrates a strong positive effect on SME performance and serves as an important moderator, strengthening the impact of FinTech adoption on SME growth outcomes.Implications/Originality/Value: The study highlights the critical role of digital financial services and financial literacy in driving SME growth in an underserved region. It provides empirical evidence relevant to policymakers and financial institutions, recommending the expansion of digital financial access and the integration of financial literacy programmes to promote sustainable SME development in Zamfara State.

Suggested Citation

  • Gbadebo, Adedeji Daniel, 2025. "Moderating Role of Financial Literacy on the Relationship between Financial Technology and SMEs’ Growth in Nigeria," Journal of Accounting and Finance in Emerging Economies, CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan, vol. 11(4), pages 499-512, December.
    • Handle: RePEc:src:jafeec:v:11:y:2025:i:4:p:499-512
    DOI: http://doi.org/10.26710/jafee.v11i4.3508
    as

    Download full text from publisher

    File URL: https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/3508/1937
    Download Restriction: no
    File URL: https://libkey.io/http://doi.org/10.26710/jafee.v11i4.3508?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    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:src:jafeec:v:11:y:2025:i:4:p:499-512. 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: Rabia Rasheed (email available below). General contact details of provider: https://edirc.repec.org/data/csrcmpk.html .

    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.