Female University Students and Fintech Literacy: Evidence from Somalia

Mohamed Abdirahman Abdulle (), Dayah Abdi Kulmie (), Abdirahman Abdinur Awale (), Mohamed Salad Ibrahim () and Abdullahi Tahlil Adan ()
Additional contact information
Mohamed Abdirahman Abdulle: Faculty of Economics and Management, Jamhuriya University of Science and Technology, Mogadishu, Somalia
Dayah Abdi Kulmie: Faculty of Economics and Management, Jamhuriya University of Science and Technology, Mogadishu, Somalia; & Department of Research and Development, Judicial Training Institute, Mogadishu, Somalia
Abdirahman Abdinur Awale: Faculty of Accountancy, SIMAD University, Mogadishu, Somalia
Mohamed Salad Ibrahim: Faculty of Economics and Management, Jamhuriya University of Science and Technology, Mogadishu, Somalia
Abdullahi Tahlil Adan: Wise Business School, Mogadishu, Somalia

International Journal of Economics and Financial Issues, 2025, vol. 15, issue 2, 226-234

Abstract: Fintech, a field encompassing digital banking, payments, and investment management, has revolutionized financial services by making them more accessible, convenient, and efficient. The growth of Fintech is driven by advanced technologies such as blockchain, IoT, AI, and robo-advisors, while also posing challenges for regulators and market participants. Fintech research is essential for driving innovation, shaping the future of finance, and addressing emerging challenges. This study examines the awareness and knowledge of Fintech concepts among female university students in Somalia. Using a quantitative cross-sectional research design, 92 students from four universities were surveyed to assess their familiarity with key Fintech topics, including blockchain, smart contracts, neo-banking, and cloud computing. The findings reveal significant gaps in Fintech literacy, with a majority of students showing limited awareness of emerging technologies. While 63% of students expressed the need for a dedicated Fintech course, only 32.6% felt adequately prepared for the Fintech industry. Regression analysis indicated that a student's major significantly influences their Fintech knowledge. The study highlights the need for curriculum reform and improved resources to enhance Fintech education in Somalia.

Keywords: Fintech; Financial Technology; Digital Finance; Financial Education; University Students; Perception; Awareness; Knowledge; Female Student; Somalia (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://econjournals.com/index.php/ijefi/article/download/17773/8701 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:v:15:y:2025:i:2:id:17773

Ordering information: This journal article can be ordered from
https://econjournals.com/index.php/ijefi

DOI: 10.32479/ijefi.17773

Access Statistics for this article

More articles in International Journal of Economics and Financial Issues from International Journal of Economics and Financial Issues
Bibliographic data for series maintained by Monica Sinhat ().