Determinants of FinTech adoption in Savings and Credit Cooperatives: Evidence from Malawi

Reuben Bereckia Chipeta () and Andrew Munthopa Lipunga ()
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Reuben Bereckia Chipeta: Malawi University of Business and Applied Sciences
Andrew Munthopa Lipunga: Malawi University of Business and Applied Sciences

Finance, Accounting and Business Analysis, 2025, vol. 7, issue 1, 1-15

Abstract: Purpose: The study examines factors influencing the adoption of FinTech in Savings and Credit Cooperatives (SACCOs) using the Unified Theory of Use and Acceptance of Technology. Methodology: The study adopted a quantitative research design and used a survey method to collect data from SACCOs in Malawi. It employed a probit regression model to analyze the data. Findings: The results indicate that expected effort, social influence, and facilitating conditions were the significant factors whereas expected performance was not. Further, facilitating conditions were found to be more influential followed by social influence and expected effort. Practical Implications: Efforts to promote FinTech adoption in SACCOs need to prioritize the development of a robust digital ecosystem, that is, the facilitating conditions. Originality/Value: This contributes to the discourse on the determinants of FinTech adoption that has so far provided contrasting results. Further, this is the first empirical study on FinTech adoption determinants in Malawi's SACCOs. Paper Type: Research Paper.

Keywords: FinTech; Malawi; Savings and Credit Cooperatives (search for similar items in EconPapers)
JEL-codes: G2 G3 M0 M1 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:aan:journl:v:7:y:2025:i:1:p:1-15

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