The Nexus between Fintech and Financial Stability; Moderated Mediated by Financial Inclusion and Economic Vulnerability: Evidence from Cross-country Analysis


  • Bushra Ayaz PhD Scholar, Department of Management Sciences, Islamia College Peshawar, KP, Pakistan.
  • Mustafa Afeef Associate Professor, Department of Management Sciences, Islamia College Peshawar, KP, Pakistan.
  • Shahid Jan Associate Professor, Department of Management Sciences, Islamia College Peshawar, KP, Pakistan.



Fintech, Financial Stability, Financial Inclusion, Economic Vulnerability


Financial innovations are essential for fostering economic expansion. The outcomes of studies looking into this connection have been conflicting. No research to yet made an attempt to investigate the potential mediating function of financial inclusion in articulating the link between innovations and growth. In order to provide a comprehensive understanding of how income inequality might be addressed in developing, least developed, and low-income nations, this study makes a unique addition by looking at the joint dynamics among the four constructs. In order to promote financial inclusion and economic progress, the findings suggested that governments should make investments in the technology infrastructure that the financial sector may use to deliver financial services.


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How to Cite

Ayaz, B., Afeef, M., & Jan, S. (2023). The Nexus between Fintech and Financial Stability; Moderated Mediated by Financial Inclusion and Economic Vulnerability: Evidence from Cross-country Analysis. Journal of Social Sciences Review, 3(2), 1132–1144.