The Role of Fintech Development in Financial Inclusion in Asia*

Thanh Van Dinh Thi (), Anh Hoang Thi Ngoc () and Diu Tran Thi Phuong ()
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Thanh Van Dinh Thi: University of Economics and Business; VNU, 144 Xuan Thuy, Cau Giay, Hanoi
Anh Hoang Thi Ngoc: FPT Software; Fville 1, Km29 Dai Lo Thang Long, Thach Hoa, Thach That, Hanoi
Diu Tran Thi Phuong: Faculty of Economics, Academy of Finance; VNU, 144 Xuan Thuy, Cau Giay, Hanoi

International Review of Financial Consumers, 2021, vol. 6, issue 1, 45-54

Abstract: Over the past years, financial technology (Fintech) has been known as an industry that uses technology to provide financial services and make financial systems more efficient. Fintech plays an important role in improving access to financial services for all, at the same time, promoting financial inclusion. Financial inclusion represent for availability of financial system which is straightforward to access to useful financial products and services by everyone at reasonable prices. The study examined the relationship between Fintech development and financial inclusion in 45 Asian countries. Using the GMM regression technique, the paper confirms the correlation between Fintech development and financial inclusion through the enhancement of Fintech infrastructure and Fintech ecosystems to facilitate improved financial inclusion.

Keywords: Fintech; Fintech development; financial inclusion; Asia (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:irfinc:v:6:y:2021:i:1:p:45-54:n:1003

DOI: 10.36544/irfc.2021.6-1.3

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