Impact of Fintech Adoption on Environmental Performance of Employees in Nepalese Financial Sector: A Mediating Role of Technological Knowledge (New Perspective Journal of Business and Economics)

Summary

• The study collected primary data from a sample size of 200 financial sector employees across Kathmandu Valley using a structured questionnaire on a 5-point Likert scale.p.1
• Digital wallet users in Nepal expanded from 6.27 million in 2020 to 23.46 million in 2024.p.2
• Nepal exhibits a national financial literacy score of only 0.41, with 44% of the population remaining offline.p.2
• Asia commands nearly 45% of the global FinTech market share, with adoption reaching 87% in India.p.2
• A 1% increase in FinTech adoption in Asia correlates with a 2.07% reduction in carbon emissions, though digital skill deficits reduce benefits by approximately 18%.p.2

Key insights

1. FinTech adoption exerts a statistically significant positive direct effect on the environmental performance of financial sector employees in Nepal.p.1
2. Technological knowledge partially mediates the relationship between FinTech adoption and the environmental performance of employees.p.1
3. Asia holds almost 45% of the global FinTech market share, outpacing the global average in leveraging technology for digital banking.p.2
4. In China, digital payment integration reduced supply chain paper waste by 20%.p.2
5. Digital wallet adoption in Nepal grew dramatically from 6.27 million users in 2020 to 23.46 million users in 2024.p.2
6. A national financial literacy score of 0.41 and an offline population rate of 44% hamper Nepal's ability to translate FinTech growth into environmental success.p.2
7. Junior and assistant level staff represented 49.5% of total respondents, with 53.5% having less than 5 years of work experience.p.10
8. The 20 questionnaire items demonstrated robust internal consistency with an overall Cronbach's Alpha of 0.928.p.9