FinTech Implications for Financial Inclusion in Developed and Developing
Economies

Nicholas Kiang; Dr. Iva Bimpli

doi:10.46609/IJSSER.2025.v10i10.037

Title: FinTech Implications for Financial Inclusion in Developed and Developing Economies
Authors: Nicholas Kiang and Dr. Iva Bimpli
Journal: International Journal of Social Science and Economic Research (IJSSER) ISSN: 2455-8834 Volume: 10 Issue: 10 Publication Date: October 2025 DOI: 10.46609/IJSSER.2025.v10i10.037
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Nicholas Kiang1 and Dr. Iva Bimpli2 1. Valley Christian High School 2. The University of Leeds, United Kingdom
MLA 8 Kiang, Nicholas, and Dr. Iva Bimpli. "FinTech Implications for Financial Inclusion in Developed and Developing Economies." Int. j. of Social Science and Economic Research, vol. 10, no. 10, Oct. 2025, pp. 5137-5170, doi.org/10.46609/IJSSER.2025.v10i10.037. Accessed Oct. 2025. APA 6 Kiang, N., & Bimpli, D. (2025, October). FinTech Implications for Financial Inclusion in Developed and Developing Economies. Int. j. of Social Science and Economic Research, 10(10), 5137-5170. Retrieved from https://doi.org/10.46609/IJSSER.2025.v10i10.037 Chicago Kiang, Nicholas, and Dr. Iva Bimpli. "FinTech Implications for Financial Inclusion in Developed and Developing Economies." Int. j. of Social Science and Economic Research 10, no. 10 (October 2025), 5137-5170. Accessed October, 2025. https://doi.org/10.46609/IJSSER.2025.v10i10.037.
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ABSTRACT: This review paper explores the transformative role of financial technology (FinTech) in advancing financial inclusion and compares its adoption and impact across developed and developing economies. The study synthesizes evidence from 23 peer-reviewed publications published between 2020 and 2024, covering case studies in diverse contexts including India, Kenya, Egypt, the United States, and other regions. Findings reveal that while FinTech solutions have significantly reduced barriers to financial access in developing countries through mobile payments and micro-credit, developed economies have leveraged these tools to enhance service efficiency, quality, and personalization. Nonetheless, persistent obstacles such as digital literacy gaps, regulatory fragmentation, and data privacy risks constrain inclusive outcomes globally. The paper contributes by proposing a cross-cultural framework that highlights both enabling and limiting factors, emphasizing the importance of tailored policies, digital literacy, and consumer protection. It argues that sustained collaboration between governments, financial institutions, and FinTech firms is essential to harness digital finance for inclusive growth while mitigating risks of inequality and exclusion.

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