Financial Inclusion through Fin-tech Adoption of Women: A Way to Sustainable Development
Israt Jahan Shithii1, Most. Sadia Akter2
1Israt Jahan Shithii, Lecturer, Department of Management Information Systems (MIS), Faculty of Business Studies, Noakhali Science and Technology University, Noakhali 3814, Noakhali, Bangladesh.
2Most. Sadia Akter, Lecturer, Bangladesh University of Professionals (BUP), Dhaka, Bangladesh.
Manuscript received on 30 December 2023 | Revised Manuscript received on 08 January 2023 | Manuscript Accepted on 15 January 2024 | Manuscript published on 30 January 2024. | PP: 10-16 | Volume-10 Issue-5, January 2024 | Retrieval Number: 100.1/ijmh.E168510050124 | DOI: 10.35940/ijmh.E1685.10050124
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The presence of technologically advanced financial institutions, such as banks and Mobile Financial Services (MFS), has utilised technology to streamline the process of financial transactions, which is known as financial technology (fintech). However, there are many people, such as women, illiterate or poor, who don’t use fintech due to social barriers or lack of knowledge and ability. When those people became involved, financial transactions became a matter of financial inclusion, leading to economic growth. With the advancement of technology in finance, financial inclusion increases because one can conduct financial transactions, save, and pay from anywhere and at any time, which leads to economic growth and expands the opportunities for innovative technology. The objective of this study is to explore how digital financial inclusion can be implemented to achieve sustainable development through the adoption of fintech among women. This paper identifies the factors influencing the adoption of fintech services, examines the relationship between fintech adoption and financial inclusion, and explores how sustainable development goals are achieved by adopting fintech for women. To demonstrate how financial inclusion can be achieved through the adoption of fintech by women, the UTAUT model, along with some new constructs, is identified to validate the latest model. Innovative PLS 4.0 software is used for conducting statistical analysis to validate the model.
Keywords: Fin-tech, Financial Inclusion, Women, Sustainable Development.
Scope of the Article: Financing Business and Accounting