The Nexus Between FinTech Adoption and Financial Inclusion

The Nexus Between FinTech Adoption and Financial Inclusion

Marouane Moufakkir, Qmichchou Mohammed
ISBN13: 9781799880493|ISBN10: 1799880494|EISBN13: 9781799881018
DOI: 10.4018/978-1-7998-8049-3.ch011
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MLA

Moufakkir, Marouane, and Qmichchou Mohammed. "The Nexus Between FinTech Adoption and Financial Inclusion." Research Anthology on Personal Finance and Improving Financial Literacy, edited by Information Resources Management Association, IGI Global, 2021, pp. 175-191. https://doi.org/10.4018/978-1-7998-8049-3.ch011

APA

Moufakkir, M. & Mohammed, Q. (2021). The Nexus Between FinTech Adoption and Financial Inclusion. In I. Management Association (Ed.), Research Anthology on Personal Finance and Improving Financial Literacy (pp. 175-191). IGI Global. https://doi.org/10.4018/978-1-7998-8049-3.ch011

Chicago

Moufakkir, Marouane, and Qmichchou Mohammed. "The Nexus Between FinTech Adoption and Financial Inclusion." In Research Anthology on Personal Finance and Improving Financial Literacy, edited by Information Resources Management Association, 175-191. Hershey, PA: IGI Global, 2021. https://doi.org/10.4018/978-1-7998-8049-3.ch011

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Abstract

Notwithstanding the increase of using and adopting FinTech all over the world by users who prefer managing their lives through digital channels, including financial and banking services, a large number of customers are still using the classic financial services, or even ignore the existence of such financial technologies. The aim of this chapter is to underline the concept of FinTech, a technological innovation in the financial field. Indeed, several theories and models has tried to explained the factors of adopting an innovation. Besides the theoretical framework of innovation, FinTech has to pass through different business models to attain the maturity as a successful pure player actor. Accordingly, the overall purpose of this paper is to provide an overview of the financial technologies use evolution, as a business model, and to highlight how FinTech contribute to enhance the financial and social inclusion, by providing convenient and accurate digital financial services (DFS) to the excluded population.

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