Abstract: The purpose of this study was to examine the relationship between diaspora remittances and the development of FinTechs in Kenya. The study examined individual diaspora remittances, collective diaspora remittances and the influence of regulatory frameworks to the deepening of financial technology in Kenya. The study used secondary data from the Central Bank of Kenya, Financial Sector Deepening Africa, journals and other referenced publications. From the available literature, there is a strong positive relationship between diaspora remittances and the development of FinTechs in Kenya. Additionally, regulatory framework has an impact on the level of development of financial technology in Kenya. There is need to ensure regulatory framework is in place to promote growth of the dispora remittances and accelerate financial technology.
Keywords: Diaspora Remittances, Financial technology (FinTechs) and Regulatory Framework.
Title: DIASPORA REMITTANCES AND THE DEVELOPMENT OF FINANCIAL TECHONOLOGY IN KENYA: A THEORETICAL PERSPECTIVE
Author: Mwathi Sammy Mugereki, Dr. Ambrose Jagongo
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
Research Publish Journals
