arbiter
JournalsPricingAccount

Does Fintech Usage Alter the Relationships Between Financial Literacy, Behaviour and Well-Being? Evidence from India

Shamli Prabhakaran & L Mynavathi

Organizations and Markets in Emerging Economies2025https://doi.org/10.15388/omee.2025.16.6article
AJG 1
Weight
0.50

What the paper says

The emergence of fintech has rapidly transformed the way people manage their finances, yet its impact on personal financial outcomes remains relatively understudied. This study aims to examine how fintech usage (FTU) influences the relationship between financial literacy (FL) and financial well-being (FWB) through financial behaviour (FB) using a moderated mediation model. Using a proprietary dataset, the hypothesised relationships are analysed applying the PROCESS macro in IBM SPSS Statistics. The analysis reveals that FB is a partial mediator in the FL-FWB equation, while FTU negatively moderates the relationship between FL and FB. However, FTU does not significantly moderate the relationship between FL and FWB. The findings carry significant implications for policymakers and fintech service providers. Policymakers should strive to include a digital literacy component in financial education programs to better equip individuals to navigate today’s digitalised society, while fintech companies should focus on designing products that complement users’ FL and facilitate the adoption of financially healthy behaviours.

Open paper page →

Cite this paper

https://doi.org/https://doi.org/10.15388/omee.2025.16.6

Or copy a formatted citation

@article{shamli2025,
  title        = {{Does Fintech Usage Alter the Relationships Between Financial Literacy, Behaviour and Well-Being? Evidence from India}},
  author       = {Shamli Prabhakaran & L Mynavathi},
  journal      = {Organizations and Markets in Emerging Economies},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.15388/omee.2025.16.6},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

Does Fintech Usage Alter the Relationships Between Financial Literacy, Behaviour and Well-Being? Evidence from India

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.