FinTech revolution in mineral management: Exploring the nexus between technology adoption and sustainable Resource utilization in an industry 4.0 context

Xu, Yuanyuan; Nassani, Abdelmohsen A.; Qazi Abro, Muhammad Moinuddin; Naseem, Imran; Zaman, Khalid

doi:10.1016/j.heliyon.2024.e24641

Cited by 2 publications

(1 citation statement)

References 78 publications

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“…The significant progress in the development of the Internet of Things (IoT) has not only transformed the financial industry but has also stimulated the growth of various financial technologies (FinTech), positioning them prominently in policy discussions (Rizvi et al, 2024). In the time of Industry 4.0, there is a notable surge in technological progress worldwide, with a strong focus on advancements within the financial domain (Xu et al, 2024). In the realm of finance, the emergence of financial FinTech stands as a pivotal innovation, intertwining financial processes with advancements in information and communication technology (ICT).…”

Section: Introductionmentioning

confidence: 99%

The role of financial literacy, digital literacy, and financial self-efficacy in FinTech adoption

M. Anwarul Islam,

Saifuddin Khan

2024

Investment Management and Financial Innovations

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The primary aim of this study is to delve into the factors influencing individuals’ readiness to embrace financial technology (FinTech) services in Bangladesh. Specifically, the study focused on Bangladeshi fintech consumer’s knowledge about contemporary digital financial tools, such as mobile-based payment service apps. Data collection was carried out using a survey questionnaire tailored to the Bangladeshi context. Participants were invited to participate in the survey, and their responses were gathered upon their consent. A five-point Likert scale, ranging from ‘1’ for ‘Strongly Disagree’ to ‘5’ for ‘Strongly Agree,’ was employed to gauge the questionnaire items. The final sample size was 450 respondents. To assess the hypotheses, a 5% significance level was employed, with data analysis conducted using SPSS software. The findings underscore a positive and statistically significant impact of financial literacy, digital literacy, and financial self-efficacy on the adoption of FinTech services in Bangladesh. Collectively, these variables elucidate 48.20% of the variance (R2=0.482) in predicting individuals’ adoption behavior of FinTech. Financial self-efficacy (β = 0.574; t-value = 8.394) has the highest effect on FinTech adoption compared to the other two factors. Additionally, a substantial correlation coefficient (r=0.634) is present between digital literacy and FinTech adoption. This study contributes to the extant literature on FinTech services by providing valuable insights that enhance scholars’ understanding of the emerging financial technologies’ significance and their predominant impacts within the Bangladeshi FinTech ecosystem. These findings hold implications for policymakers, financial institutions, and stakeholders seeking to promote FinTech adoption and foster financial inclusion in Bangladesh.

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Section: Introductionmentioning

confidence: 99%