FinTech and financial sustainability: A mediating role of financial inclusion
Sabeeh Ullah and
Maryam Begum
Technological Forecasting and Social Change, 2025, vol. 217, issue C
Abstract:
Technological advancements and shifts in the financial landscape have made it imperative to delve into the nexus between FinTech, financial inclusion, and financial sustainability. Surprisingly, contemporary research has largely overlooked this crucial area of investigation. The current study examines the impact of changes primarily driven by FinTech and how they mediated financial inclusion to foster financial sustainability. For this purpose, the study encompassed a dataset of 141 countries from 2011 to 2021 and employed Structural Equation Modeling (SEM). In addition, the Sobel-Goodman test was employed to provide a comprehensive and robust understanding of the nexus. Our results across all specifications demonstrate that financial inclusion mediates the nexus between FinTech and financial sustainability. Furthermore, in some specifications, FinTech adversely affects financial sustainability by posing risk and regulatory challenges. Moreover, these findings remain robust in the whole sample and subsamples of developed and developing countries. These outcomes hold significant implications, as they underscore how FinTech enhances access to financial services, reshapes the financial landscape, and indirectly contributes substantially to financial sustainability.
Keywords: FinTech; Financial inclusion; Financial sustainability; Panel data analysis (search for similar items in EconPapers)
JEL-codes: C33 O33 O57 Q01 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S004016252500160X
Full text for ScienceDirect subscribers only
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:eee:tefoso:v:217:y:2025:i:c:s004016252500160x
DOI: 10.1016/j.techfore.2025.124129
Access Statistics for this article
Technological Forecasting and Social Change is currently edited by Fred Phillips
More articles in Technological Forecasting and Social Change from Elsevier
Bibliographic data for series maintained by Catherine Liu ().