Phillip L. Morgan|Long Q. Trinh
Fintech and Financial Literacy in the Lao PDR
Asian Development Bank Institute
growing literature examined role financial literacy individuals income saving behavior use various financial products however far one examined relationship financial literacy awareness adoption financial technology fintech products ie financial products provided via internetbased mobilebased platforms paper examines relationship developing country lao peoples democratic republic pdr use information collected lao pdr using standardized questionnaire developed organization economic cooperation development international network financial education oecdinfe calculate financial literacy find higher level financial literacy strong positive effects individuals awareness fintech products result still holds use set instrumental variables financial literacy variable however insufficient data find significant relationship financial literacy use fintech products