Impact of FinTech Adoption on Individual Over-Indebtedness in BLEND Countries

Abstract

Purpose:

The purpose of this research is to identify the impact of FinTech adoption and major macro-economic factors like Household Consumption, Economic Growth, Unemployment Rate, and Inflation Rate on Individual Over-Indebtedness in BLEND countries. How these factors influence the over-indebtedness as it is something very concerning if it is considered in a broader way. As FinTech these BLEND countries are already in an emerging phase, it is important to know how it is affecting by accounting for other macro-economic variables.

Design:

This study adopts a quantitative, deductive and positivist approach by using secondary data of BLEND countries described by Work Bank. The data is collected from the websites of the central banks of these BLEND countries as well as from the websites of World Bank and International Labor Organization (ILO).

Findings:

Preliminary findings from reviewed literature suggest that FinTech has a positive and significant impact on Individual Over-Indebtedness.

Originality and Value:

This study provides timely insights into the impact of FinTech and other macro-economic variables on Individual Over-Indebtedness in BLEND Countries. The findings hold value for government/policy-makers, FinTech and other financial institutions, as well as regulators of financial markets.