Financial Inclusion through Fin-tech Adoption of Women: A Way to Sustainable Development

Abstract

The presence of technologically advanced financial institutions like banks and MFS have used technology to convenience the process of financial transactions which is called financial technology (fin-tech). However, there are many people like women, illiterate or poor who don’t use fin-tech due to social barriers or lack of knowledge and ability. When those people started to be involved, financial transactions were a matter of financial inclusion that led to economic growth. With the advancement of technology in finance, financial inclusion increases because one can do financial transactions, saving and paying from anywhere and anytime which leads to economic growth and growing the opportunity for innovation technology. The objective of this study is to find how digital financial inclusion can be executed to achieve sustainable development through the fin-tech adoption of women. This paper identifies the factors influencing the adoption of fin-tech services, finds the relationship between fin-tech adoption and financial inclusion, and finally how sustainable development goals are achieved by adopting fin-tech for women. To prove how financial inclusion can be possible through the fin-tech adoption of women, the UTAUT model along with some new constructs are identified to validate the new model. Smart PLS 4.0 software is used for conducting statistical analysis to validate the model.