Impact of fintech and financial inclusion on sustainable development goals: Evidence from cross country analysis

Priya Choudhary, Chinmoy Ghosh and M Thenmozhi

Finance Research Letters, 2025, vol. 72, issue C

Abstract: We investigate the dual influence of fintech and financial inclusion on diverse sustainable development goals, including SDG 2, 3, 4, 8 and 9, based on panel data of 86 countries. A quantile regression analysis shows that fintech has a favorable influence on education at higher quantiles. Additionally, Fintech and financial inclusion positively enhance GDP (SDG 8) and internet (SDG 9) upto 50th quantiles, but their impact decreases at higher percentiles. The findings suggest that fintech and financial inclusion can drive progress towards achieving SDGs by encouraging economic growth, supporting zero hunger, reducing maternal deaths, enhancing quality education, and empowering innovation and infrastructure. Further analysis demonstrates that financial inclusion and SDGs can promote each other, and similarly, fintech and SDGs can mutually reinforce each other.

Keywords: Fintech; Financial inclusion; Sustainable development goals; Quantile regression (search for similar items in EconPapers)
JEL-codes: C21 O33 O47 Q01 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:72:y:2025:i:c:s1544612324016027

DOI: 10.1016/j.frl.2024.106573

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