Financial Technology and Its Impact on Financial Inclusion in Algeria: An Applied Analytical Study

Abstract

This study aims to shed light on the concept of financial technology and its importance in developing the operations of Algerian banks, as well as its impact on financial inclusion. The use of financial technology has become one of the important mechanisms that can support the development of the financial sector in Algeria and contribute to expanding financial inclusion.

The findings of the study indicate that the adoption of this technology within the banks under study was at a moderate level. This means that the digital transformation process is already underway, but it still requires further activation and expansion. At the same time, the impact of financial technology on financial inclusion was evident through its contribution to facilitating access to financial services, encouraging their use, and improving the quality of the services provided. The results also revealed a statistically significant relationship between the adoption of financial technology and the improvement of financial inclusion, confirming that the expansion of digital solutions can positively affect bank performance and enhance customers’ access to and benefit from banking services.