The Role of Financial Technology on the Nexus Between Demographic, Socio-economic, and Psychological Factors, and the Financial Literacy Gap
The increased accessibility and adoption of FinTech in emerging economies prompts researchers to investigate its moderating impact on the prevalent determinants of financial literacy. This research investigates the influence of demographic, socio-economic, psychological, and FinTech innovation facto...
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| Format: | Article |
| Language: | English |
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SAGE Publishing
2024-05-01
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| Series: | SAGE Open |
| Online Access: | https://doi.org/10.1177/21582440241255678 |
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| author | Samira Ben Belgacem Ghousia Khatoon Hussaini Bala Abad Alzuman |
| author_facet | Samira Ben Belgacem Ghousia Khatoon Hussaini Bala Abad Alzuman |
| author_sort | Samira Ben Belgacem |
| collection | DOAJ |
| description | The increased accessibility and adoption of FinTech in emerging economies prompts researchers to investigate its moderating impact on the prevalent determinants of financial literacy. This research investigates the influence of demographic, socio-economic, psychological, and FinTech innovation factors on mitigating the financial literacy gap. Structured questionnaires were used to obtain primary data from the 1,100 Saudi potential participants. The descriptive and inferential statistics were computed using the Statistical Package for Social Sciences. The study findings revealed that FinTech innovation as a moderating variable has a limited impact on closing the financial literacy gap. Besides, marital status, income, spouse’s educational background, as well as psychographic characteristics like “present financial situation,”“meet monthly payments,”“future is hopeless,” and “don’t expect change” have a bearing on the financial literacy gap. Additionally, women lacked confidence when responding to queries on financial literacy. Finally, the study concludes with implications for the policy-making bodies. |
| format | Article |
| id | doaj-art-aec63b0022dc400c9b18aa8ff3a26b08 |
| institution | Kabale University |
| issn | 2158-2440 |
| language | English |
| publishDate | 2024-05-01 |
| publisher | SAGE Publishing |
| record_format | Article |
| series | SAGE Open |
| spelling | doaj-art-aec63b0022dc400c9b18aa8ff3a26b082025-02-09T18:03:19ZengSAGE PublishingSAGE Open2158-24402024-05-011410.1177/21582440241255678The Role of Financial Technology on the Nexus Between Demographic, Socio-economic, and Psychological Factors, and the Financial Literacy GapSamira Ben Belgacem0Ghousia Khatoon1Hussaini Bala2Abad Alzuman3Department of Management, College of Business Administration, Princess Nourah bint Abdulrahman University, Riyadh, Kingdom of SaudiTishk International University, Erbil, Kurdistan Region, IraqTishk International University, Erbil, Kurdistan Region, IraqDepartment of Management, College of Business Administration, Princess Nourah bint Abdulrahman University, Riyadh, Kingdom of SaudiThe increased accessibility and adoption of FinTech in emerging economies prompts researchers to investigate its moderating impact on the prevalent determinants of financial literacy. This research investigates the influence of demographic, socio-economic, psychological, and FinTech innovation factors on mitigating the financial literacy gap. Structured questionnaires were used to obtain primary data from the 1,100 Saudi potential participants. The descriptive and inferential statistics were computed using the Statistical Package for Social Sciences. The study findings revealed that FinTech innovation as a moderating variable has a limited impact on closing the financial literacy gap. Besides, marital status, income, spouse’s educational background, as well as psychographic characteristics like “present financial situation,”“meet monthly payments,”“future is hopeless,” and “don’t expect change” have a bearing on the financial literacy gap. Additionally, women lacked confidence when responding to queries on financial literacy. Finally, the study concludes with implications for the policy-making bodies.https://doi.org/10.1177/21582440241255678 |
| spellingShingle | Samira Ben Belgacem Ghousia Khatoon Hussaini Bala Abad Alzuman The Role of Financial Technology on the Nexus Between Demographic, Socio-economic, and Psychological Factors, and the Financial Literacy Gap SAGE Open |
| title | The Role of Financial Technology on the Nexus Between Demographic, Socio-economic, and Psychological Factors, and the Financial Literacy Gap |
| title_full | The Role of Financial Technology on the Nexus Between Demographic, Socio-economic, and Psychological Factors, and the Financial Literacy Gap |
| title_fullStr | The Role of Financial Technology on the Nexus Between Demographic, Socio-economic, and Psychological Factors, and the Financial Literacy Gap |
| title_full_unstemmed | The Role of Financial Technology on the Nexus Between Demographic, Socio-economic, and Psychological Factors, and the Financial Literacy Gap |
| title_short | The Role of Financial Technology on the Nexus Between Demographic, Socio-economic, and Psychological Factors, and the Financial Literacy Gap |
| title_sort | role of financial technology on the nexus between demographic socio economic and psychological factors and the financial literacy gap |
| url | https://doi.org/10.1177/21582440241255678 |
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