International Journal of Accounting and Management Sciences (IJAMS)
July 2024
DOI https://www.doi.org/10.56830/IJAMS07202410
Authors
Nada Gamal Mohamed
Farid Moharam Algarhy
Abstract
Financial technology (Fintech) has emerged as a transformative force in the global financial landscape,
offering innovative solutions to longstanding challenges. This study delves into the Egyptian context to
assess the profound impact of fintech on financial inclusion—a crucial factor for economic development
and social equity. Through empirical analysis, this research endeavors to unveil the multifaceted ways in
which fintech is reshaping the financial landscape in Egypt, particularly regarding expanding access to
financial services for underserved and unbanked populations. The data was collected from financial
statements of banks over the period of 2018 – 2022, with keywords identified in annual reports to create
dummy variables for analysis and analyzing it by STATA through logistic regression to determine whether
there is a significant impact or not. The results reveal that the research supports the hypothesis that fintech
has a significant effect on financial inclusion, as well as on reliability, availability, accessibility, and
efficiency of electronic government services. Thus, this study contributes valuable insights for the Egyptian
government to develop electronic payment systems and regulations that maximize the availability,
accessibility, efficiency, and responsiveness of electronic government services, ultimately improving the
lives of the nation’s residents.
Keywords: Fintech, E-payment bills, Modes of payment, E-government system, Financial Inclusion
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