Impact of Fintech on Economic Growth: Evidence from African Countries

This research aims at examining the impact of fintech in economic growth with evidence from African Countries. To draw the impacts, data from several African countries had been compiled using a cross-sectional, explanatory and comparative approach. Sample of various countries such as Kenya, Ghana and Nigeria have been included to examine the topic. The data was obtained through secondary data from Organization, research papers and other official bodies. The findings showed that there is a positive correlation between fintech adoption and economic growth in African countries example expanded access to financial services, job opportunities and improved financial inclusion. Furthermore, some ramifications have been provided for companies, players, and legislators working in Africa's fintech and economic development industries.

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Publication Details

Journal
International Journal for Research in Applied Science and Engineering Technology
Published
2025-06-13
DOI
https://doi.org/10.22214/ijraset.2025.69428
Primary Topic
FinTech, Crowdfunding, Digital Finance
Type
article
Field-Weighted Citation Impact
0.00
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article

Impact of Fintech on Economic Growth: Evidence from African Countries

Specioza Evodius Ndibalema
International Journal for Research in Applied Science and Engineering Technology
FinTech, Crowdfunding, Digital Finance
article

Impact of Fintech on Economic Growth: Evidence from African Countries

Specioza Evodius Ndibalema
article en

Abstract

This research aims at examining the impact of fintech in economic growth with evidence from African Countries. To draw the impacts, data from several African countries had been compiled using a cross-sectional, explanatory and comparative approach. Sample of various countries such as Kenya, Ghana and Nigeria have been included to examine the topic. The data was obtained through secondary data from Organization, research papers and other official bodies. The findings showed that there is a positive correlation between fintech adoption and economic growth in African countries example expanded access to financial services, job opportunities and improved financial inclusion. Furthermore, some ramifications have been provided for companies, players, and legislators working in Africa's fintech and economic development industries.

International Journal for Research in Applied Science and Engineering TechnologyVol. 13(6)
Openalex Percentile: Top 77%
FinTech, Crowdfunding, Digital Finance
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