International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 7, Issue 3 (May-June 2025) Submit your research before last 3 days of June to publish your research paper in the issue of May-June.

Advancing Financial Inclusion through FinTech: A Regulatory Insight into Emerging Industry Practices

Author(s) Dr. Shanthi J
Country India
Abstract Although the global shift toward digitalization is accelerating, many individuals in the Middle East and North Africa (MENA) region still face restricted access to basic financial services. Nonetheless, the rise of financial technology (FinTech) is beginning to challenge traditional financial frameworks and expand reach. This study explores the impact of FinTech on promoting financial inclusion across the MENA region in the context of ongoing digital evolution. It examines how new technological advancements are reshaping the delivery of conventional banking and financial services. Furthermore, it assesses the contribution of key FinTech solutions—such as digital payment systems, online lending platforms, InsurTech, and digital wealth management—in enhancing financial inclusion within Gulf Cooperation Council (GCC) nations. A mixed-methods research design, incorporating an extensive review of existing literature and comparative case analyses from both developed and emerging economies, is employed. Results show that FinTech has made financial services more accessible to previously overlooked groups, including women, youth, and small and medium enterprises (SMEs). However, additional strategies are necessary to overcome persistent barriers faced by marginalized populations. The study concludes by advocating for a regulatory framework that balances innovation with consumer safeguards and highlights the importance of collaborative efforts to reinforce the role of technology in improving livelihoods
Keywords Keywords: Financial Technology (FinTech), Financial Inclusion, MENA Region, Digital Transformation, Regulatory Framework, Underserved Populations
Field Arts
Published In Volume 7, Issue 3, May-June 2025
Published On 2025-05-07
DOI https://doi.org/10.36948/ijfmr.2025.v07i03.43793
Short DOI https://doi.org/g9hsgx

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