The Impact of Financial Technology on Economic Development: An Analysis on G20 Markets

Aim of this study is to check the impact of financial technology on Economic Growth in G20 markets. The design of this study is quantitative and used secondary data. In this study dependent variable is financial technology and independent variable is Economic Growth and control variable is Inflation. The study used secondary data in this study collected data from World Bank and IMF etc. Study used simple random sampling technique and data analyzed by E-Views software. The population of the total counties in G20 Market. The sample size is 19 countries of the total population. The study used descriptive summary, OLS regression and random model. The findings of this study are too demonstrated by strong positive significant impacts of financial technology on Economic growth of G20 markets. This study limited to G20 markets. This study only includes one potential-gathering area, the G20 market. The implications of the study this is highly relevant to policy makers, bankers, SMEs, researchers, investors and the general banking sector, especially those who want to move to an online system. The future recommendations of the study is include more variables across other markets, developing markets should be included in future and to check FinTech significance.