المستخلص: |
Financial technology (FinTech) plays a crucial role in banking by offering a range of banking and financial services. This study aims to show how FinTech promotes financial inclusion. The development of an emergency finance mechanism has just occurred. A combination of descriptive and analytical methods was used in this paper. To understand the challenges, opportunities, and ways of overcoming them, the Arab world's experiences have been shared. As stated by the researcher and supported by their suggestions, the goal of financial inclusion is to bring the financially excluded into the formal financial system. The survey found that the general population does not have a strong financial culture, which is one of the obstacles FinTech must overcome. The Arab world, however, saw substantial progress in FinTech; therefore, this was not a barrier. There are a lot of problems with the legality, regulations, and financing of FinTech in Arab nations. The use of the mobile subscriber’s index by FinTech effectively contributes to the achievement of financial inclusion, as measured by FinTech and financial inclusion indicators. Most Arab countries still have low scores on the financial inclusion index since they aren't interested in developing FinTech, which slows down the index's progress.
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