Journal of Economic Info

Vol. 11 No. 1 (2024): March
Research Article

Impact of fintech on the Pakistani banking sector

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  • Mujtaba Ahmed ,
  • Anand Kumar ,
  • Muhammad Talha ,
  • Zuhaib Akram ,
  • Kashif Arif
Mujtaba Ahmed
https://orcid.org/0009-0004-3992-8057 (unauthenticated) Department of Accounting and Finance, Salim Habib University, Karachi, Pakistan
Anand Kumar
https://orcid.org/0009-0008-7164-2162 (unauthenticated) Department of Accounting and Finance, Salim Habib University, Karachi, Pakistan
Muhammad Talha
https://orcid.org/0009-0007-2831-641X (unauthenticated) Department of Accounting and Finance, Salim Habib University, Karachi, Pakistan
Zuhaib Akram
https://orcid.org/0009-0006-9586-5200 (unauthenticated) Department of Accounting and Finance, Salim Habib University, Karachi, Pakistan
Kashif Arif
https://orcid.org/0000-0002-5009-7838 (unauthenticated) Department of Accounting and Finance, Salim Habib University, Karachi, Pakistan

Published 2024-02-17

Keywords

  • Fintech,
  • Fintech Adoption,
  • Competitiveness,
  • Performance,
  • Banking Sector,
  • Pakistan
    • ...More
    Less

Copyright (c) 2024 Journal of Economic Info

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

Impact of fintech on the Pakistani banking sector. (2024). Journal of Economic Info, 11(1), 1-14. https://doi.org/10.31580/ek5dnd23

Abstract

In the early stages, Fintech was introduced in the banking sector in Pakistan, and it enhanced banking activities from traditional to digital. Fintech is the fusion of two terminologies, Finance and Technology. It includes the use of technological advancement to deliver financial products and services to people. This research aims to investigate and analyze the impact of Fintech adoption on the competitiveness and performance of the Pakistani banking sector. The research is based on quantitative methods and analyzed using SPSS software; we used the convenience sampling method to collect responses from 90 participants. This study uses a regression analysis model as a benchmark to analyze the data received from the questionnaire. The results suggest that Fintech adoption had a significant positive impact on the competitiveness and performance of the Pakistani banking sector. Adopting Fintech properly and lining up with technology can also improve the performance of a bank. This study allows for a more in-depth understanding of the impact of FinTech on banks.

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