FinTech and Microentrepreneurs: An exploratory qualitative assessment in Egypt
Mohammed, Omar; Arslan, Ahmad (2024-11-06)
Avaa tiedosto
Sisältö avataan julkiseksi: 06.05.2026
Routledge
06.11.2024
Mohammed, O., & Arslan, A. (2024). Fintech and microentrepreneurs. In M. Fanea-Ivanovici & H. Baber, Alternative Finance (1st ed., pp. 212–228). Routledge. https://doi.org/10.4324/9781032713533-18
https://creativecommons.org/licenses/by-nc-nd/4.0/
This is an Accepted Manuscript of a book chapter published by Routledge in Alternative Finance: A Framework for Innovative and Sustainable Business Models on 6 November 2024., available online: https://doi.org/10.4324/9781032713533. It is deposited under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way.
https://creativecommons.org/licenses/by-nc-nd/4.0/
This is an Accepted Manuscript of a book chapter published by Routledge in Alternative Finance: A Framework for Innovative and Sustainable Business Models on 6 November 2024., available online: https://doi.org/10.4324/9781032713533. It is deposited under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way.
https://creativecommons.org/licenses/by-nc-nd/4.0/
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:oulu-202410016142
https://urn.fi/URN:NBN:fi:oulu-202410016142
Tiivistelmä
Abstract
This chapter is one of the pioneering studies which undertakes an exploratory assessment of the unique opportunities and challenges that financial technology (FinTech) presents for microentrepreneurs in Egypt. Through in-depth semi-structured interviews with microentrepreneurs across various sectors in Egypt, our research uncovers the key benefits that FinTech offers, including access to credit, digital payment solutions, financial management tools, peer-to-peer lending, digital money circles, and safety. This study unequivocally demonstrates the empowering role of FinTech for microentrepreneurs. However, it also identifies their main challenges, such as high-interest rates, digital literacy, customer support, lack of digital infrastructure, and cultural (perceptual) barriers.
This chapter is one of the pioneering studies which undertakes an exploratory assessment of the unique opportunities and challenges that financial technology (FinTech) presents for microentrepreneurs in Egypt. Through in-depth semi-structured interviews with microentrepreneurs across various sectors in Egypt, our research uncovers the key benefits that FinTech offers, including access to credit, digital payment solutions, financial management tools, peer-to-peer lending, digital money circles, and safety. This study unequivocally demonstrates the empowering role of FinTech for microentrepreneurs. However, it also identifies their main challenges, such as high-interest rates, digital literacy, customer support, lack of digital infrastructure, and cultural (perceptual) barriers.
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Ellei muuten mainita, aineiston lisenssi on https://creativecommons.org/licenses/by-nc-nd/4.0/