EFFECT OF ADOPTION OF FINTECH PAYMENTS ON FINANCIAL PERFORMANCE OF COMMERCIAL BANKS IN MERU COUNTY, KENYA

Mwigereri Munyua Wilter, Ms. Susan Kambura, Mr. Abel Mugoche

Abstract


This study aimed to probe the effect of financial technology (Fintech) payment on the performance of marketable banks in Meru, Kenya. Fintech had surfaced as a disruptive force in the fiscal assiduity, offering new ways of delivering fiscal services to guests. The study explored the extent to which marketable banks in Meru had espoused Fintech and the impact it had on their performance. The study involved a check of commercial banks in Meru, Kenya, to gather information on their relinquishment of Fintech, as well as their fiscal performance. The study was anticipated to give perceptivity into the benefits and challenges of Fintech relinquishment in the banking sector in Meru, Kenya. The findings may be useful to commercial banks, policymakers, and other stakeholders in the fiscal assiduity in developing strategies to enhance the relinquishment and use of Fintech in the region. Results on regression study designated that there was a robust optimistic association (R=0. 89, p-value of 0.000) between adoption of financial technology payment and financial performance of commercial banks. The findings further indicated that fintech payments have a significant influence on financial performance of commercial banks.

 

Keywords; Fintech Payments, Financial Performance, Commercial Banks


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