Analysis of the Impact of Fintech Firms’ Lending on the Expansion of Service Base Companies in Jordan

Authors

Ayman Alkhazaleh, Department of Accounting and Finance Science, Faculty of Business, Middle East University, Amman, JordanFollow
Ahmad Assaf, Department of Finance and Investment, College of Business, University of Tabuk, Tabuk, Kingdom of Saudi ArabiaFollow
Maha Shehadeh, Department of Finance and Banking Sciences Faculty of Business Applied Science Private University Amman 11931, JordanFollow
Esmat Almustafa, Department: Islamic Finance, Institute of Islamic Economics, King Abdulaziz University, Jedah, Kingdom of Saudi ArabiaFollow
Mahmoud Allahham, Department of Supply Chain and Logistics, College of Business, Luminus Technical University College, Amman, JordanFollow

Abstract

The purpose of this research was to analyze the impact of lending by fintech firms on the expansion of service- based companies in Jordan. The studys population included 210 service-based enterprises located in Jordan. The research used a sample size of 136 respondents from registered service-based enterprises in Jordan. The researchers used a structured questionnaire to gather data from the participants. The data acquired in this study were evaluated using a combination of basic percentage calculations and Pearson product moment analysis. The research has reached the conclusion that the lending activities of Fintech firms have a noteworthy impact on the expansion of service-based companies in Jordan. The study suggests that it would be advantageous for the Fintech service provider to engage in advertising efforts aimed at promoting their services, with the goal of increasing the adoption of their mobile money product among a wider range of business professionals. This would lead to an increased number of entrepreneurs using Fintech as a means to augment the expansion of their businesses. The scope of the research was limited to a small number of service-based organizations. However, it is important to include other service-based companies that were not included in this study. To get a comprehensive understanding, a comparison study should be conducted to explore other characteristics that were not addressed in the current research. The field of financial technology (fintech) has seen significant growth in recent years. This growth can be measured by the degree of utilization observed in various fintech applications and services.

Recommended Citation

Alkhazaleh, Ayman; Assaf, Ahmad; Shehadeh, Maha; Almustafa, Esmat; and Allahham, Mahmoud (2023) "Analysis of the Impact of Fintech Firms’ Lending on the Expansion of Service Base Companies in Jordan," Information Sciences Letters: Vol. 12 : Iss. 8 , PP -.
Available at: https://digitalcommons.aaru.edu.jo/isl/vol12/iss8/37