A Study on Fintech Adoption and its Impact on Financial Inclusion among Young Investors

Author

Palepu Jahnavi, Dr. Meda Srinivasa Rao


Abstract

 Although fintech has transformed the way young people save, invest and access formal financial services, it is not evident if the increased adoption of digital platforms leads to increased financial inclusion. This study aims to analyze the extent of using fintech among young investors in Vijayawada and its contribution to financial inclusion. A structured questionnaire  with a five-point Likert scale was used to measure fintech adoption and financial inclusion. Data from 25 unique respondents aged (18-30 years) were analysed in Microsoft Excel using descriptive statistics, Cronbach's alpha, one-sample t-tests, Chi-square tests, one-way ANOVA and simple linear regression. Young investors' score on fintech adoption was above neutral (M = 3.58, SD = 0.75), and the overall financial inclusion score was above the neutral midpoint (M = 3.90, SD = 0.56). Investment type was significantly associated with primary platform, χ²(6) = 20.65, p = .002, with a large association (Cramér's V = .64). ANOVA did not show any significant difference in adoption by age group, investment type or platform. Regression showed that fintech adoption significantly predicted financial inclusion, b = 0.44, R² = .341, F(1, 23) = 11.90, p = .002. The results have shown that as financial services become more fintech-oriented, financial inclusion also increases, but calls for careful interpretation due to the relatively small sample size.



Keywords

Fintech adoption, financial inclusion, young investors, digital investment platforms, chi-square, ANOVA, linear regression.



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References


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