An Econometric Assessment of the Effects of Fintech on Economic Growth in Developed Countries

Abstract

From online payments to online banking services in countries, financial technologies have made it possible for
economic entities to manage their funds easily. This study aims to study the impact of modern financial technologies on
economic growth in developed countries. The research includes data from several developed countries over the years.
Panel data on developed countries over the years were examined through cross-country analysis using a regression
model. As a result, it was concluded that fintech has a positive effect on economic growth in developed countries.