The Development of FinTech Ecosystems in Emerging Markets: A Study on Mobile Money and Financial Inclusion in the Kingdom of Bahrain

Layla Alhalwachi; Bassam Bukhowa; Fajer Danish; Nader Alkhater; Zainab Zainaldeen; Malak Eshaq; Muaeyd Aldhamin

doi:10.1007/978-3-031-71526-6_20

The Development of FinTech Ecosystems in Emerging Markets: A Study on Mobile Money and Financial Inclusion in the Kingdom of Bahrain

Layla Alhalwachi, Bassam Bukhowa, Fajer Danish, Nader Alkhater, Zainab Zainaldeen, Malak Eshaq, Muaeyd Aldhamin

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

Financial technology, commonly referred to as FinTech, is gaining widespread recognition for its role in advancing financial inclusion within developing countries. These innovative ecosystems are particularly noteworthy in places like Bahrain, where FinTech is not only flourishing but also contributing significantly to theory development in the field of digital finance. FinTech is universally acknowledged as a pivotal force in enhancing financial inclusion, particularly within developing countries. Despite this recognition, there is a scarcity of theoretical exploration regarding the collaborative dynamics between pioneering FinTech startups and established financial institutions within these vibrant ecosystems. Our research embarks on a journey to develop theory through an in-depth case study conducted in Bahrain—a nation emblematic of the GCC region’s surge in FinTech innovation—which has unlocked unprecedented avenues for expanding financial access. This study offers a conceptual framework delineating three foundational practices at the ecosystem level that are instrumental in enabling both incumbents and new entrants to collaboratively sculpt the landscape of financial inclusion.

Original language	English
Title of host publication	Business Sustainability with Artificial Intelligence (AI)
Subtitle of host publication	Challenges and Opportunities
Editors	Esra AlDhaen, Ashley Braganza, Allam Hamdan, Weifeng Chen
Publisher	Springer, Cham.
Pages	227-237
Number of pages	11
Volume	1
ISBN (Electronic)	9783031715266
ISBN (Print)	9783031715259
DOIs	https://doi.org/10.1007/978-3-031-71526-6_20
Publication status	E-pub ahead of print - 25 Dec 2024
Externally published	Yes

Publication series

Name	Studies in Systems, Decision and Control
Publisher	Springer Cham
ISSN (Print)	2198-4182
ISSN (Electronic)	2198-4190

Bibliographical note

Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2025.

Access to Document

10.1007/978-3-031-71526-6_20

Cite this

Alhalwachi, L., Bukhowa, B., Danish, F., Alkhater, N., Zainaldeen, Z., Eshaq, M., & Aldhamin, M. (2024). The Development of FinTech Ecosystems in Emerging Markets: A Study on Mobile Money and Financial Inclusion in the Kingdom of Bahrain. In E. AlDhaen, A. Braganza, A. Hamdan, & W. Chen (Eds.), Business Sustainability with Artificial Intelligence (AI): Challenges and Opportunities (Vol. 1, pp. 227-237). (Studies in Systems, Decision and Control). Springer, Cham.. Advance online publication. https://doi.org/10.1007/978-3-031-71526-6_20

Alhalwachi, Layla ; Bukhowa, Bassam ; Danish, Fajer et al. / The Development of FinTech Ecosystems in Emerging Markets : A Study on Mobile Money and Financial Inclusion in the Kingdom of Bahrain. Business Sustainability with Artificial Intelligence (AI): Challenges and Opportunities. editor / Esra AlDhaen ; Ashley Braganza ; Allam Hamdan ; Weifeng Chen. Vol. 1 Springer, Cham., 2024. pp. 227-237 (Studies in Systems, Decision and Control).

@inbook{a0cd79f8b4c14591ab64d957d4513079,

title = "The Development of FinTech Ecosystems in Emerging Markets: A Study on Mobile Money and Financial Inclusion in the Kingdom of Bahrain",

abstract = "Financial technology, commonly referred to as FinTech, is gaining widespread recognition for its role in advancing financial inclusion within developing countries. These innovative ecosystems are particularly noteworthy in places like Bahrain, where FinTech is not only flourishing but also contributing significantly to theory development in the field of digital finance. FinTech is universally acknowledged as a pivotal force in enhancing financial inclusion, particularly within developing countries. Despite this recognition, there is a scarcity of theoretical exploration regarding the collaborative dynamics between pioneering FinTech startups and established financial institutions within these vibrant ecosystems. Our research embarks on a journey to develop theory through an in-depth case study conducted in Bahrain—a nation emblematic of the GCC region{\textquoteright}s surge in FinTech innovation—which has unlocked unprecedented avenues for expanding financial access. This study offers a conceptual framework delineating three foundational practices at the ecosystem level that are instrumental in enabling both incumbents and new entrants to collaboratively sculpt the landscape of financial inclusion.",

author = "Layla Alhalwachi and Bassam Bukhowa and Fajer Danish and Nader Alkhater and Zainab Zainaldeen and Malak Eshaq and Muaeyd Aldhamin",

note = "Publisher Copyright: {\textcopyright} The Author(s), under exclusive license to Springer Nature Switzerland AG 2025.",

year = "2024",

month = dec,

day = "25",

doi = "10.1007/978-3-031-71526-6\_20",

language = "English",

isbn = "9783031715259",

volume = "1",

series = "Studies in Systems, Decision and Control",

publisher = "Springer, Cham.",

pages = "227--237",

editor = "AlDhaen, \{Esra \} and Braganza, \{Ashley \} and Hamdan, \{Allam \} and Chen, \{Weifeng \}",

booktitle = "Business Sustainability with Artificial Intelligence (AI)",

}

Alhalwachi, L, Bukhowa, B, Danish, F, Alkhater, N, Zainaldeen, Z, Eshaq, M & Aldhamin, M 2024, The Development of FinTech Ecosystems in Emerging Markets: A Study on Mobile Money and Financial Inclusion in the Kingdom of Bahrain. in E AlDhaen, A Braganza, A Hamdan & W Chen (eds), Business Sustainability with Artificial Intelligence (AI): Challenges and Opportunities. vol. 1, Studies in Systems, Decision and Control, Springer, Cham., pp. 227-237. https://doi.org/10.1007/978-3-031-71526-6_20

The Development of FinTech Ecosystems in Emerging Markets: A Study on Mobile Money and Financial Inclusion in the Kingdom of Bahrain. / Alhalwachi, Layla; Bukhowa, Bassam; Danish, Fajer et al.
Business Sustainability with Artificial Intelligence (AI): Challenges and Opportunities. ed. / Esra AlDhaen; Ashley Braganza; Allam Hamdan; Weifeng Chen. Vol. 1 Springer, Cham., 2024. p. 227-237 (Studies in Systems, Decision and Control).

Research output: Chapter in Book/Report/Conference proceeding › Chapter

TY - CHAP

T1 - The Development of FinTech Ecosystems in Emerging Markets

T2 - A Study on Mobile Money and Financial Inclusion in the Kingdom of Bahrain

AU - Alhalwachi, Layla

AU - Bukhowa, Bassam

AU - Danish, Fajer

AU - Alkhater, Nader

AU - Zainaldeen, Zainab

AU - Eshaq, Malak

AU - Aldhamin, Muaeyd

PY - 2024/12/25

Y1 - 2024/12/25

N2 - Financial technology, commonly referred to as FinTech, is gaining widespread recognition for its role in advancing financial inclusion within developing countries. These innovative ecosystems are particularly noteworthy in places like Bahrain, where FinTech is not only flourishing but also contributing significantly to theory development in the field of digital finance. FinTech is universally acknowledged as a pivotal force in enhancing financial inclusion, particularly within developing countries. Despite this recognition, there is a scarcity of theoretical exploration regarding the collaborative dynamics between pioneering FinTech startups and established financial institutions within these vibrant ecosystems. Our research embarks on a journey to develop theory through an in-depth case study conducted in Bahrain—a nation emblematic of the GCC region’s surge in FinTech innovation—which has unlocked unprecedented avenues for expanding financial access. This study offers a conceptual framework delineating three foundational practices at the ecosystem level that are instrumental in enabling both incumbents and new entrants to collaboratively sculpt the landscape of financial inclusion.

AB - Financial technology, commonly referred to as FinTech, is gaining widespread recognition for its role in advancing financial inclusion within developing countries. These innovative ecosystems are particularly noteworthy in places like Bahrain, where FinTech is not only flourishing but also contributing significantly to theory development in the field of digital finance. FinTech is universally acknowledged as a pivotal force in enhancing financial inclusion, particularly within developing countries. Despite this recognition, there is a scarcity of theoretical exploration regarding the collaborative dynamics between pioneering FinTech startups and established financial institutions within these vibrant ecosystems. Our research embarks on a journey to develop theory through an in-depth case study conducted in Bahrain—a nation emblematic of the GCC region’s surge in FinTech innovation—which has unlocked unprecedented avenues for expanding financial access. This study offers a conceptual framework delineating three foundational practices at the ecosystem level that are instrumental in enabling both incumbents and new entrants to collaboratively sculpt the landscape of financial inclusion.

UR - https://www.scopus.com/pages/publications/85214700985

U2 - 10.1007/978-3-031-71526-6_20

DO - 10.1007/978-3-031-71526-6_20

M3 - Chapter

SN - 9783031715259

VL - 1

T3 - Studies in Systems, Decision and Control

SP - 227

EP - 237

BT - Business Sustainability with Artificial Intelligence (AI)

A2 - AlDhaen, Esra

A2 - Braganza, Ashley

A2 - Hamdan, Allam

A2 - Chen, Weifeng

PB - Springer, Cham.

ER -

Alhalwachi L, Bukhowa B, Danish F, Alkhater N, Zainaldeen Z, Eshaq M et al. The Development of FinTech Ecosystems in Emerging Markets: A Study on Mobile Money and Financial Inclusion in the Kingdom of Bahrain. In AlDhaen E, Braganza A, Hamdan A, Chen W, editors, Business Sustainability with Artificial Intelligence (AI): Challenges and Opportunities. Vol. 1. Springer, Cham. 2024. p. 227-237. (Studies in Systems, Decision and Control). Epub 2024 Dec 25. doi: 10.1007/978-3-031-71526-6_20

The Development of FinTech Ecosystems in Emerging Markets: A Study on Mobile Money and Financial Inclusion in the Kingdom of Bahrain

Abstract

Publication series

Bibliographical note

Access to Document

Other files and links

Fingerprint

Cite this