Influence of Fintech Adoption on Financial Inclusion in Selected Developing Economies

Abstract

The study is designed to evaluate the impact of Fintech Adoption on Financial inclusion of selected developing Asian economies such as Pakistan, India, China, Afghanistan, Kenya, Nigeria, Malaysia, Indonesia and Bangladesh. In the philosophy of research we have used quantitative research design with a Positivist approach. The data for this study was acquired from WDI, Findex, UNDP and FAS. We used Panel ARDL estimation along with co-integration test, Co relation analysis, cross-sectional dependency and unit root test. This study suggests that one of the main drivers of financial inclusion in developing countries is fintech, specifically mobile subscriptions. Mobile technology makes banking services more accessible, but internet use has conflicting effects. Infrastructure for technology and inclusive design are more significant than GDP and population growth. Demographic factors like income inequality also affect access, which highlights the need for targeted and regulated fintech solutions.