Factors influencing the adoption of financial technology by small and medium-sized enterprises in Beijing, China

Lim Kim Yew (), Li Chen Yang (), Hannie Lynn (), Zhang Wei () and Lester Naces Udang ()

International Journal of Innovative Research and Scientific Studies, 2025, vol. 8, issue 4, 2416-2425

Abstract: In the digital age, financial technology (fintech) plays a pivotal role in enhancing the efficiency, productivity, and financial inclusion of small and medium-sized enterprises (SMEs). Despite its potential, adoption among SMEs remains uneven, particularly in regions with diverse levels of digital readiness. This study investigates the factors influencing the intention of SMEs in Beijing to adopt fintech, focusing on technological factors, perceived usefulness, and perceived ease of use. Guided by the Technology Acceptance Model (TAM), a quantitative research design was employed, and data were collected from 384 SME respondents using structured surveys. Multiple regression analysis revealed that all three factors significantly influence fintech adoption, with perceived ease of use being the most prominent. The model explains 85.9% of the variance in adoption intention. The findings offer practical insights for fintech providers, policymakers, and industry stakeholders to develop more user-centric, secure, and accessible financial solutions. The study contributes to the broader discourse on digital innovation, financial accessibility, and inclusive economic growth.

Keywords: Business digitalization; Digital innovation; Economic empowerment; Financial inclusion; Financial technology; Fintech adoption; SMEs; Technology acceptance; User experience. (search for similar items in EconPapers)
Date: 2025
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