The Relationship Between Financial Technology Sector and Growth in Kenya

Hiram Mbugua Njogu; Nur Dilbaz Alacahan

TR EN

Kenya’da Finansal Teknoloji Sektörü ile Büyüme Arasındaki İlişki.

Öz

Bu çalışma, Kenya'da fintech sektörü ile büyüme arasındaki ilişkiyi kısa vadede değerlendirmeyi amaçlamaktadır.Çalışmada, 2010 yılının ilk çeyreğinden 2024 yılının dördüncü çeyreğine kadar olan ikincil üç aylık veriler kullanılmıştır. Fintech sektörü, mobil para kullanımı, ödeme kartı kullanımı, fintech yaygınlığı ve M-Pesa gelirleri ile temsil edilmiştir. Kontrol değişkenleri olarak yatırım oranları, işsizlik oranları, enflasyon oranları ve bankaların kredi faiz oranları kullanılmıştır. Büyüme, reel GSYİH cinsinden ölçülmüştür. Çalışmada, nicel açıklayıcı araştırma tasarımı ve veri analizi için Otoregresif Dağılımlı Gecikme (ARDL) modeli benimsenmiştir.Fintech sektörü, Kenya'daki büyüme ile kısa vadeli bir ilişkiye sahiptir. -0,59 değerindeki Hata Düzeltme Terimi, uzun vadeli dengeden meydana gelen herhangi bir sapmanın her çeyrekte %59,1 oranında uzun vadeli dengeye doğru düzeltildiğini göstermektedir.ARDL sınır testi, 4,594'lük bir F-istatistiği gösterdi; bu, son derece anlamlıydı (%1) ve uzun vadeli bir ilişkinin varlığını doğruladı; ayrıca Kenya'da fintech sektörü ile büyüme arasındaki kısa vadeli pozitif etkileşimi de teyit etti.Fintech sektörü, Kenya’da büyümenin temel dayanaklarından biridir. Kısa vadede toplam verimliliğe olumlu katkı sağlamaktadır. Para dolaşım hızını ve finansal kapsayıcılığı artırmış, işlem sürelerini ve maliyetlerini azaltarak ekonomik katılımı artırmıştır. Mobil para kullanımı hariç tüm fintech göstergeleri, büyüme ile kısa vadede pozitif bir ilişki sergilemiştir. Bu durum, kısa vadede mobil paranın mevcut finansal kurumlar üzerinde yarattığı yıkıcı etkiyi vurgulamaktadır.Bu çalışma, fintech sektörü ile büyüme arasındaki etkileşimi çok boyutlu bir şekilde değerlendirmek amacıyla mobil para kullanımı, ödeme kartı kullanımı ve Kenya’daki fintech şirketlerinden biri olan M-Pesa’nın gelirleri gibi çeşitli fintech sektörü göstergelerini kullanarak önceki çalışmalara kıyasla bir adım daha ileri gitmektedir. Ayrıca, çalışmada fintech sektörü ile büyüme arasındaki kısa vadeli ilişkiyi ortaya koyan ARDL modeli kullanılmaktadır.

Anahtar Kelimeler

Finansal teknoloji (Fintech) sektörü, Büyüme, Otoregresif Dağıtılmış Gecikme (ARDL)

The Relationship Between Financial Technology Sector and Growth in Kenya

Öz

The study aims to evaluate the relationship between fintech sector and growth in Kenya in the short run. The study employed secondary quarterly data from 2010Q1 to 2024Q4. Mobile money usage, payment card usage, fintech penetration, and M-Pesa revenue were used to proxy fintech sector. Investment rates, unemployment rates, inflation rates, and banks' interest on lending were employed as control variables. Growth was measured in terms of real GDP. The study adopted a quantitative explanatory research design and an Autoregressive Distributed lag (ARDL) model for data analysis. Fintech sector had a short-run relationship with growth in Kenya. The Error Correction Term of -0.59 indicated that any deviation from the long-run equilibrium was corrected at a speed of 59.1% towards the long-run equilibrium each quarter. ARDL bound testing indicated an F-statistic of 4.594, which was highly significant (1%), which confirmed the presence of a long-run relationship and also validated the short-run positive interplay between fintech sector and growth in Kenya. Fintech sector is a crucial pillar of growth in Kenya. It is a positive contributor to aggregate productivity in the short-term. It has heightened money velocity, financial inclusion and lowered transaction time and costs, thus increasing economic participation. All the fintech proxies exhibited a positive short-run relationship with growth, except for mobile money usage. This underscores the disruptive nature of mobile money to existing financial institutions in the short run. The study advances a step higher compared to previous studies by employing diverse fintech indicators such as mobile money usage, payment card usage, and M-Pesa revenue, which is one of the fintech firms in Kenya, to assess the interplay between the fintech sector and growth in a multidimensional way. Furthermore, the ARDL model is being employed in the study, which captures the short-term relationship between fintech sector and growth

Anahtar Kelimeler

Financial technology (Fintech) sector, Growth, Autoregressive Distributed Lag (ARDL)

Kaynakça

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Ayrıntılar

Birincil Dil

İngilizce

Konular

Finans ve Yatırım (Diğer)

Bölüm

Araştırma Makalesi

Yazarlar

Hiram Mbugua Njogu ^*
0009-0001-0904-3918
Kenya

Nur Dilbaz Alacahan
Türkiye

Yayımlanma Tarihi

15 Temmuz 2026

Gönderilme Tarihi

16 Mayıs 2026

Kabul Tarihi

23 Haziran 2026

Yayımlandığı Sayı

Yıl 2026 Sayı: 3

IZ

https://izlik.org/JA46YE79MF

APA

Njogu, H. M., & Dilbaz Alacahan, N. (2026). The Relationship Between Financial Technology Sector and Growth in Kenya. Gordion Sosyal Bilimler Dergisi, 3, 28-42. https://izlik.org/JA46YE79MF

AMA

1.Njogu HM, Dilbaz Alacahan N. The Relationship Between Financial Technology Sector and Growth in Kenya. Gordion Sosyal Bilimler Dergisi. 2026;(3):28-42. https://izlik.org/JA46YE79MF

Chicago

Njogu, Hiram Mbugua, ve Nur Dilbaz Alacahan. 2026. “The Relationship Between Financial Technology Sector and Growth in Kenya”. Gordion Sosyal Bilimler Dergisi, sy 3: 28-42. https://izlik.org/JA46YE79MF.

EndNote

Njogu HM, Dilbaz Alacahan N (01 Temmuz 2026) The Relationship Between Financial Technology Sector and Growth in Kenya. Gordion Sosyal Bilimler Dergisi 3 28–42.

IEEE

[1]H. M. Njogu ve N. Dilbaz Alacahan, “The Relationship Between Financial Technology Sector and Growth in Kenya”, Gordion Sosyal Bilimler Dergisi, sy 3, ss. 28–42, Tem. 2026, [çevrimiçi]. Erişim adresi: https://izlik.org/JA46YE79MF

ISNAD

Njogu, Hiram Mbugua - Dilbaz Alacahan, Nur. “The Relationship Between Financial Technology Sector and Growth in Kenya”. Gordion Sosyal Bilimler Dergisi. 3 (01 Temmuz 2026): 28-42. https://izlik.org/JA46YE79MF.

JAMA

1.Njogu HM, Dilbaz Alacahan N. The Relationship Between Financial Technology Sector and Growth in Kenya. Gordion Sosyal Bilimler Dergisi. 2026;:28–42.

MLA

Njogu, Hiram Mbugua, ve Nur Dilbaz Alacahan. “The Relationship Between Financial Technology Sector and Growth in Kenya”. Gordion Sosyal Bilimler Dergisi, sy 3, Temmuz 2026, ss. 28-42, https://izlik.org/JA46YE79MF.

Vancouver

1.Hiram Mbugua Njogu, Nur Dilbaz Alacahan. The Relationship Between Financial Technology Sector and Growth in Kenya. Gordion Sosyal Bilimler Dergisi [Internet]. 01 Temmuz 2026;(3):28-42. Erişim adresi: https://izlik.org/JA46YE79MF

Kenya’da Finansal Teknoloji Sektörü ile Büyüme Arasındaki İlişki.

Öz

Anahtar Kelimeler

The Relationship Between Financial Technology Sector and Growth in Kenya

Öz

Anahtar Kelimeler

Kaynakça

Ayrıntılar

Birincil Dil

Konular

Bölüm

Yazarlar

Yayımlanma Tarihi

Gönderilme Tarihi

Kabul Tarihi

Yayımlandığı Sayı

IZ

Kaynak Göster