The Integration of Fintech in Energy Markets: Economic Benefits and Policy Considerations

Authors

  • Muhammad Wali Farooqi global energy systems and markets. Institute of Policy Studies, Islamabad, Pakistan.
  • Noshad Hussain Shah Banori Punjab ICMAP Pakistan.
  • Naqeeb Ullah Punjab Asia e university, Malaysia
  • Burree Sultan IR, NDU, Islamabad Pakistan
  • Amna Niaz ISCS department Punjab University Lahore, Pakistan

DOI:

https://doi.org/10.62019/abbdm.v4i3.214

Keywords:

Fintech, energy markets, market efficiency, cost reduction, sustainability, regulatory support, technological infrastructure, market transparency, TOE framework, SEM. Introduction

Abstract

This study investigates the impact of, financial technology (fintech) integration, on the efficiency, cost reduction, and, sustainability of energy markets, with a, particular focus on, Pakistan. Employing, the Technology-Organization-Environment, (TOE) framework, the research, explores how fintech, adoption, investment in, fintech, regulatory support, technological, infrastructure, and market transparency, influence key market, outcomes. A structured questionnaire, was distributed to professionals, and stakeholders in the, energy sector, yielding 320,responses. The analysis, conducted using, Structural Equation Modeling (SEM) ,in Smart PLS, reveals that fintech, adoption significantly, enhances market efficiency, while, investment in fintech and market, transparency contribute to, cost reduction. Regulatory, support and technological, infrastructure are crucial, for market efficiency, and sustainability, respectively. The, study underscores the, need for a balanced approach that, includes supportive regulatory, frameworks and robust, technological infrastructure to fully, leverage fintech's potential. The findings, offer valuable insights for, policymakers and energy, market participants, highlighting, the critical role of fintech in driving, economic benefits and addressing, market inefficiencies. Future, research should expand, to multiple countries to validate these findings and explore additional contextual factors.

Author Biography

Muhammad Wali Farooqi , global energy systems and markets. Institute of Policy Studies, Islamabad, Pakistan.

Energy economist specialized in global energy systems and markets

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Published

2024-09-04

How to Cite

Farooqi , M. W., Banori, N. H. S., Ullah, N., Sultan, B., & Niaz, A. (2024). The Integration of Fintech in Energy Markets: Economic Benefits and Policy Considerations. The Asian Bulletin of Big Data Management, 4(3), 4(3),51–68. https://doi.org/10.62019/abbdm.v4i3.214