Investigating the Impact of Financial Technology (Fintech) on Small and Medium Enterprises in Developing Nations

@article{1704124,
      author = {Malik Jawarneh, Munir Abu Shawer, Ahmad Shariah},
      title = {Investigating the Impact of Financial Technology (Fintech) on Small and Medium Enterprises in Developing Nations},
      journal = {Iconic Research And Engineering Journals},
      year = {2023},
      volume = {6},
      number = {8},
      pages = {212-221},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/17041241.pdf},
      abstract = {This paper examines the impact of financial technology (fintech) on small and medium enterprises (SMEs) in developing countries. Fintech has the potential to increase access to financial services and reduce the costs of doing business for SMEs. It provides a range of services such as digital payments, digital lending, and crowd funding. The paper reviews the literature to identify the potential benefits and risks of fintech for SMEs in developing countries. It finds that fintech may reduce the costs of doing business, increase access to finance, and create opportunities for financial inclusion. However, it also has the potential to create risks, such as cyber security threats, data privacy issues, and regulatory uncertainty. The paper concludes that fintech has the potential to be a powerful tool for promoting economic development, but its benefits must be balanced against potential risks. The paper suggests that governments in developing countries should take a proactive approach in developing policies and regulations that promote the safe and responsible use of fintech.},
      keywords = {Fintech, Small and Medium Enterprises, Financial Inclusion, Mobile Money, and Blockchain},
      month = {February},
  }