Title: The roles of financial inclusion and financial markets development in fintech credit: evidence from developing countries

Authors: Tu D.Q. Le

Addresses: Faculty of Banking and Finance, University of Economics and Law, Ho Chi Minh City, Vietnam; Vietnam National University, Ho Chi Minh City, Vietnam

Abstract: This study empirically investigates the determinants of fintech credit in 24 developing countries between 2013 and 2018. The findings show that fintech credit is likely to expand in developing countries where there is a greater financial inclusion (i.e., an increasing banking services/coverage) and there are less developed financial markets. This suggests that fintech credit in these developing countries may serve as complements for the functions of banks to their credit consumers and can be seen as an alternative source of financing for firms, primarily for small and medium enterprises that may find it hard to access the financial markets. Hence, this provides some important recommendations for policy-makers, management and academics.

Keywords: financial development; financial inclusion; developing countries; fintech credit.

DOI: 10.1504/IJBC.2021.120374

International Journal of Blockchains and Cryptocurrencies, 2021 Vol.2 No.4, pp.339 - 349

Received: 12 May 2021
Accepted: 13 Aug 2021
Published online: 18 Jan 2022 *

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