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Enhancing Financial Inclusion Using Fintech: Development Scenario for the Bank Card

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  • Salma Rhanoui

Abstract

Financial technology, or Fintech, refers to the allocation of financial services to customers and businesses through digital technology. This tool can improve financial inclusion by granting affordable access to various financial products and services. Fintech can also be used to fight financial exclusion in order to support economic development. In this respect, the present paper investigates a forecast scenario for the evolution of the bank card as a Fintech instrument to identify the Fintech industry’s potential contributions to greater financial inclusion. In particular, we used the Mayer method of linear adjustment to generate a plausible evolution scenario of bank cards in circulation for six years, together with commentary and analysis, in order to determine how Fintech could promote financial inclusion through bank cards. The findings showed that Fintech is on the right track to promote financial inclusion, even though it also faces several challenges that must be overcome.

Suggested Citation

  • Salma Rhanoui, 2023. "Enhancing Financial Inclusion Using Fintech: Development Scenario for the Bank Card," International Business Research, Canadian Center of Science and Education, vol. 16(5), pages 1-38, May.
    • Handle: RePEc:ibn:ibrjnl:v:16:y:2023:i:5:p:38
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    References listed on IDEAS

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    Cited by:

    1. Zhang, Hui & Fahlevi, Mochammad & Aljuaid, Mohammed & Beşer, Nazife Özge & Cabas, Meral & lominchar, Jose, 2024. "A machine learning and quantile analysis of FINTECH and resource efficiency in achieving sustainable development in OECD countries," Resources Policy, Elsevier, vol. 92(C).

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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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