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The Role of FinTech in Promoting Green Investment in Emerging Economies

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  • Salayeva, Guli
  • Reyimberganov, Baxrom

Abstract

This study examines the relationship between financial technology development and green investment flows across 12 emerging economies from 2015 to 2024. Using fixed effects panel data regression, the findings indicate that FinTech development is significantly associated with increased green investment (β = 0.347, p < 0.01), with threshold effects observed at moderate levels of technological infrastructure. The analysis reveals that mobile payment penetration and digital lending platforms serve as the primary channels through which FinTech influences green capital allocation. Policy implications for emerging market regulators seeking to leverage digital finance for sustainability goals are discussed.

Suggested Citation

  • Salayeva, Guli & Reyimberganov, Baxrom, 2026. "The Role of FinTech in Promoting Green Investment in Emerging Economies," SocArXiv c6h2v_v1, Center for Open Science.
    • Handle: RePEc:osf:socarx:c6h2v_v1
    DOI: 10.31235/osf.io/c6h2v_v1
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    4. Hansen, Bruce E., 1999. "Threshold effects in non-dynamic panels: Estimation, testing, and inference," Journal of Econometrics, Elsevier, vol. 93(2), pages 345-368, December.
    5. Thomas Philippon, 2019. "On Fintech and Financial Inclusion," NBER Working Papers 26330, National Bureau of Economic Research, Inc.
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