Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/238493 
Year of Publication: 
2020
Series/Report no.: 
ADBI Working Paper Series No. 1136
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
We examine the intersection between financial inclusion, financial literacy, and financial technology. Using worldwide data, we find a significant positive relation between the World Bank's "Findex" measures and various measures of financial literacy, as well as Google Trends. We show that e-commerce legislation around the world significantly positively facilitates fintech adoption. We further examine Google Scholar to identify gaps in the research in specific regions. Finally, we use more specific information from one type of fintech-crowdfunding-to show that financial literacy indeed facilitates fintech and to explain the specific mechanisms therein. We discuss the policy and research implications based on our data and provide an overview of the literature to date.
Subjects: 
fintech
financial inclusion
financial literacy
JEL: 
G20
G53
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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