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INVESTMENT IN FINANCIAL TECHNOLOGY (FINTECH) AND GROWTH PERFORMANCE IN NIGERIA AND THE US: A COMPARATIVE ANALYSIS.
ABSTRACT
Studies exploring investment in financial technology (FinTech) and economic growth nexus in Nigeria and the US made a comparison that utilised indirect measures of FinTech along with bundle financial inclusion indicators, disregarding the discrete index's effect. This study aims to expand the FinTech frontier by utilizing the direct measures of FinTech such as investment in technology. The data ranges from 2017 to 2022 and the ordinary least square method was employed. The findings will likely reveal several vital insights: and the findings revealed that financial technology investment has a positive significance on economic growth in both Nigeria and the US. The study further shows that fintech investment in economic growth in the USA is more than that of Nigeria. The study recommends that improved Support for Fintech Innovations. The study also recommends Placing a Focus on Education and Training.
KEYWORDS: Financial Technology, Economic Growth, Policy
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ISSN(Hardcopy)
2630 - 7200
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2659 - 1057
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