TARU PUBLICATIONS
Journal of Information and Optimization Sciences cover
Open Access ·Peer-reviewed·ISSN (Online): 2169-0103·ISSN (Print): 0252-2667

WoS  JIF 2026 : 0.4 (Q4)

Powered by:Powered by

Monthly Journal: Publishes theoretical and applied research on topics in information and optimization sciences.

Issues up to 2022 co-published with and available at:Taylor & Francis
submissions@tarupublications.com
Open Access Research Article

FinTech for a sustainable future : Bridging financial inclusion and economic progress

* , , ,

* Corresponding author · click or hover a name for details

pp. 2511–2520Vol. 46Issue 8November 2025DOI: 10.47974/JIOS-2070XML
Received:
08 Jan 2025
Published Online:
28 Nov 2025
Article type:
Research Article
Language:
EN
Article no.:
JIOS-2070
Pages:
2511–2520

Abstract

The rapid evolution of Financial Technology (FinTech) has significantly transformed financial services, fostering financial inclusion and driving economic growth. This study examines the impact of FinTech adoption on financial accessibility and economic progress, with a particular focus on its alignment with Sustainable Development Goals (SDG 8: Decent Work and Economic Growth & SDG 10: Reduced Inequalities). The sample comprises 300 users of digital financial services were asked to complete a structured questionnaire to collect primary data. In order to guarantee diverse voting rights, a stratified random selection technique had been utilized. Multiple regression analysis was used to observe the connections across macroeconomic indicators like rising incomes, expanding businesses, and financial wellness and important FinTech variables like digital payments, credit accessibility, mobile banking adoption, and financial literacy. According to the research, implementing FinTech is essential for improving financial mobility, encouraging entrepreneurial activity, and reducing income disparities. Legislators, financial institutions, and digital entrepreneurs can benefit from the findings of the investigation, which provide key insights into utilizing FinTech for sustainable economic development.

Keywords

Subject Classifications

62P2091G8091B76

References

[1] P. Gomber, R. J. Kauffman, C. Parker, and B. W. Weber, “On the Fintech Revolution: Interpreting the Forces of Innovation, Disruption, and Transformation in Financial Services,” J. Manag. Inf. Syst., vol. 35, no. 1, pp. 220–265 (2018).
[2] K. Balaji, “Harnessing AI and Blockchain in Sustainability Assurance: Trends Shaping the Future of Verification,” in Navigating Trust in Sustainability Reporting and Assurance, S. Khatib and A. Abbas, Eds., IGI Global Scientific Publishing, pp. 215–242 (2025). doi: 10.4018/979-8-3373-0117-4.ch007.
[3] K. Balaji, “The Nexus of Smart Contracts and Digital Twins Transforming Green Finance With Automated Transactions in Investment Agreements: Leveraging Smart Contracts for Green Investment Agreements and Automated Transactions,” in Harnessing Blockchain-Digital Twin Fusion for Sustainable Investments, S. Jafar, R. Rodriguez, H. Kannan, S. Akhtar, and P. Plugmann, Eds., IGI Global, pp. 287–315 (2024). doi: 10.4018/979-8-3693-1878-2.ch012.
[4] K. Balaji, “Neuromarketing and Sustainable Finance: Real-World Case Studies of Green Investment Promotions,” in Neuromarketing’s Role in Sustainable Finance, S. Taneja, B. Chahal, A. Johri, E. Ozen, and P. Kumar, Eds., IGI Global, pp. 169–204 (2025). doi: 10.4018/979-8-3693-9117-4.ch010.
[5] V. Ediagbonya and C. Tioluwani, “The Role of Fintech in Driving Financial Inclusion in Developing and Emerging Markets: Issues, Challenges and Prospects,” Technol. Sustain., vol. 2, no. 1, pp. 100–119 (2023).
[6] B.-H. Hwang, “Country-Specific Sentiment and Security Prices,” J. Financ. Econ., vol. 100, no. 2, pp. 382–401 (2011), doi: 10.1016/j.jfineco.2010.10.020.
[7] M. Palmie, J. Wincent, V. Parida, and U. Caglar, “The Evolution of the Financial Technology Ecosystem: An Introduction and Agenda for Future Research on Disruptive Innovations in Ecosystems,” Technol. Forecast. Soc. Change, vol. 151 (2020), doi: 10.1016/j.techfore.2019.119779.
[8] T. Beck, A. Demirgüç-Kunt, and V. Maksimovic, “Financial and Legal Constraints to Growth: Does Firm Size Matter?,” J. Finance, vol. 60, no. 1, pp. 137–177 (2005).

Views: 288Downloads: 126Citations: 0