EXPLORING DETERMINANTS OF FINTECH ADOPTION IN EMERGING ECONOMIES: EVIDENCE FROM BANGLADESHI SMES
DOI:
https://doi.org/10.35631/IJEMP.933033Keywords:
FinTech Adoption Intention, Perceived Relative Advantage, Perceived Security, Small and Medium EnterprisesAbstract
This study examines the factors influencing small and medium-sized enterprises (SMEs) in Bangladesh to adopt financial technology (FinTech). The structural model was guided by the Technology–Organization–Environment (TOE) framework and the Unified Theory of Acceptance and Use of Technology (UTAUT). The determinants included organizational readiness, relative advantage, competitive pressure, perceived security, and facilitating conditions. Data were collected through a cross-sectional survey of 189 SMEs in Dhaka. Partial least squares structural equation modeling was used to analyse the responses. Organizational readiness, relative advantage, competitive pressure, and perceived security showed significant positive effects on adoption intention. Facilitating conditions were nonsignificant. The findings highlight the readiness of Bangladeshi SMEs to embrace FinTech. They recognize its advantages, respond to market dynamics, and prioritize security. Policymakers and service providers should strengthen organizational capacity, improve digital security frameworks, and emphasize competitive advantages. These actions can foster broader FinTech adoption and drive SME-led economic growth.
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