Factors Influencing FinTech Adoption Behavior of Millennials in Nepal: Evidence from Karnali Province, Nepal

Purpose: This study aims to investigate the factors affecting FinTech adoption intention among millennials in the Karnali Province, Nepal.Methods: A descriptive and causal-comparative research design was employed in this study. A total of 410 samples were collected using the purposive sampling technique. Data were collected through structured questionnaires administered physically and online and analyzed using structural equation modeling to estimate the relationships between the observed variables and latent constructs.Results: The findings of this study reveal that digital literacy (DL), trust in technology (TT), perceived ease of use (PEU), and social influence (SI) emerged to be the critical determinants affecting the fintech adoption behavior of millennials. The results show significant effects of DL, TT, PEU, and SI on FinTech Adoption Intention (FAI).Conclusion: The findings suggest that creating awareness surrounding digital capabilities, instilling positive trust and faith in the technological systems, making the user interface of financial platforms more approachable and implementing social influence could improve the adoption of FinTech solutions in Nepal.

• Publication year

  2025

• Venue

  The Lumbini Journal of Business and Economics

• Publication date

  2025-04-09

• Fields of study

  Not labeled

• Identifiers
  DOI 10.3126/ljbe.v12i2.77404
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

• Do cybersecurity threats and risks have an impact on the adoption of digital banking? A systematic literature review

  2024cited by this paper
• Impact of Financial Literacy on Investment Decisions of Retail Investors in the Nepalese Stock Market: A Structural Equation Modeling Approach

  2024cited by this paper
• The Influence of Financial Inclusion on Stock Market Participation in Nepal: Exploring the Mediating Effect of Financial Knowledge

  2024cited by this paper
• Sustainable Development through Fintech: Understanding the Adoption of Buy Now Pay Later (BNPL) Applications by Generation Z in Saudi Arabia

  2024influential reference
• Factors Determining the Acceptance of E-Wallet among Gen Z from the Lens of the Extended Technology Acceptance Model

  2023cited by this paper
• Adoption of digital payment FinTech service by Gen Y and Gen Z users: evidence from India

  2023cited by this paper
• A systematic literature review of the role of trust and security on Fintech adoption in banking

  2023cited by this paper
• Exploring the usage intention of AI-powered devices in smart homes among millennials and zillennials: the moderating role of trust

  2023cited by this paper
• Millennial Customer Engagement with Fintech Services: The Mediating Role of Trust

  2023cited by this paper
• Determinant of M-Banking Usage and Adoption among Millennials

  2023cited by this paper
• Examining the factors influencing fintech adoption behaviour of gen Y in India

  2023influential reference
• The Adoption of Robo-Advisory among Millennials in the 21st Century: Trust, Usability and Knowledge Perception

  2023cited by this paper
• Measurement and structural modelling on factors of Islamic Fintech adoption among millennials in Malaysia

  2022cited by this paper
• The impact of demographic factors of clients’ attitudes and their intentions to use FinTech services on the banking sector in the least developed countries

  2022cited by this paper
• Higher innovativeness, lower technostress?: comparative study of determinants on FinTech usage behavior between Korean and Chinese Gen Z consumers

  2022cited by this paper
• Drivers Influencing the Adoption Intention towards Mobile Fintech Services: A Study on the Emerging Bangladesh Market

  2022cited by this paper
• DETERMINANTS OF THE ADOPTION OF INNOVATIVE FINTECH SERVICES BY MILLENNIALS

  2021cited by this paper
• Impacts of Digital Technostress and Digital Technology Self-Efficacy on Fintech Usage Intention of Chinese Gen Z Consumers

  2021cited by this paper
• Examining factors that boost intention and loyalty to use Fintech post-COVID-19 lockdown as a new normal behavior

  2021cited by this paper
• FinTech payments in the era of COVID-19: Factors influencing behavioral intentions of “Generation X” in Hungary to use mobile payment

  2021influential reference
• FACTORS AFFECTING THE ADOPTION OF FINTECH: A STUDY BASED ON THE FINANCIAL INSTITUTIONS IN BANGLADESH

  2021cited by this paper
• Factors influencing the adoption intention of using mobile financial service during the COVID-19 pandemic: the role of FinTech

  2021cited by this paper
• Perception, Adoption, and Pattern of Usage of FinTech Services by Bank Customers: Evidences from Hojai District of Assam

  2020cited by this paper
• What drives FinTech adoption? A multi-method evaluation using an adapted technology acceptance model

  2020cited by this paper
• Predicting FinTech innovation adoption in South Africa: the case of cryptocurrency

  2019cited by this paper
• The Influence of Perceived Risk and Trust in Adoption of FinTech Services in Indonesia

  2019cited by this paper
• Improving Financial Service Innovation Strategies for Enhancing China’s Banking Industry Competitive Advantage during the Fintech Revolution: A Hybrid MCDM Model

  2019cited by this paper
• Adoption Intention of Fintech Services for Bank Users: An Empirical Examination with an Extended Technology Acceptance Model

  2019influential reference
• Structural Equation Modeling

  2019cited by this paper
• Generational differences in technology behaviour: comparing millennials and Generation X

  2019cited by this paper
• FinTech and the transformation of the financial industry

  2018cited by this paper
• On the Fintech Revolution: Interpreting the Forces of Innovation, Disruption, and Transformation in Financial Services

  2018cited by this paper
• Millennials and the adoption of new technologies in libraries through the diffusion of innovations process

  2011cited by this paper
• Fit indices in covariance structure modeling : Sensitivity to underparameterized model misspecification

  1998cited by this paper
• Comparative fit indexes in structural models.

  1990influential reference

• No citing papers are available for this paper.