Abstract
Financial Technology (FinTech) is one of the revolutionary ideas that the financial industry sector is facing today. Financial innovations convey high evolution in technology and financing alternatives. Thus, this revolution has entered a new evolvement with impact dimensions for developed countries that are similar to those for developing countries. These latter are influenced in their financial and economic activity by different aspects of FinTech impacts. Based on recent research reports, surveys, papers, and statistics collected from secondary and tertiary published literature, this chapter tries to analyse and extract the basic points and facts related to the FinTech industry in general, and most particularly in developing countries. Hence, the main objective of this chapter may allow some answers to the core expected factors that may influence FinTech adoption in some selected developing countries. The key findings, across investigations covering three main regions, Latin America, Africa, and Asia, concluded there is high potential capacity to invest in this sector because of the development of mobile money in those countries most studied. In contrast, FinTech might also present some risks and limits for other developing countries.
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Tidjani, C. (2021). Readiness to the FinTech Industry in Developing Countries. In: San-Jose, L., Retolaza, J.L., van Liedekerke, L. (eds) Handbook on Ethics in Finance. International Handbooks in Business Ethics. Springer, Cham. https://doi.org/10.1007/978-3-030-29371-0_28
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