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Evaluating the Impact of Fintech Payment Solutions of the Gross Domestic Product (GDP) of Emerging Countries within Sub-Sahara Africa

Ezeilo, Chisom Nneamaka (2020) Evaluating the Impact of Fintech Payment Solutions of the Gross Domestic Product (GDP) of Emerging Countries within Sub-Sahara Africa. Masters thesis, Dublin, National College of Ireland.

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Abstract

Fintech is known to be a pathway with a possibility of increasing economic development, particularly from a financial inclusion perspective. from this research, it has been proven that economical growth or inclusive fintech starts with access and usage of payment services as it lays a foundation for other financial services. This consequently implies that economies struggling with high financial inclusion need to make a paradigm shift towards embracing more fintech solutions. Hence, the focus of this research is mainly centered on evaluating the impact of fintech payment solutions on the Gross Domestic Product of emerging markets in Sub-Saharan Africa. This subject is considered essential because very limited existing works of literature have analytically examined the impact of the fintech payment solution and how it contributes to the growth in an economy. This research also attempts to guide relevant stakeholders to be aware of the most promising subsections of fintech payment solutions. Using regression analysis four models were built with SVR, LASSO, PLSR, and PCR. The rationale behind these models was informed based on their unique ability to address the multicollinearity of highly collated variables without compromising bias or inducing too much complexity. The findings obtained from the models built proved that digital and debit card payments have a significant impact on economic growth and should be areas of interest to these relevant stakeholders seeking to grow the emerging markets in Sub-Saharan Africa. Amongst all the models, the PLSR model was the most accurate with an R2 value of 97%. This is followed by the PCR model which has an accuracy of 93%. These values go on to conclude that the independent variables – fintech payment solution in this significantly impacts the GDP of the selected countries examined. The results obtained from this research are very optimistic regarding its relevance and how it poses as a start-off point for countries seeking to re-evaluate their approach to solving economic growth and development.

Item Type: Thesis (Masters)
Subjects: Q Science > QA Mathematics > Electronic computers. Computer science
T Technology > T Technology (General) > Information Technology > Electronic computers. Computer science

Q Science > QA Mathematics > Computer software
T Technology > T Technology (General) > Information Technology > Computer software
Divisions: School of Computing > Master of Science in FinTech
Depositing User: Dan English
Date Deposited: 29 Jan 2021 16:37
Last Modified: 29 Jan 2021 16:37
URI: http://norma.ncirl.ie/id/eprint/4568

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