Abstract Integrating Fintech within Social Media Platforms to empower Entrepreneurship

We are living in an era full of instant technological advancements in diverse aspects, for instance, economics, culture, education, entertainment, business, media, etc. Financial technology is one of the fast-emerging aspects in social media nowadays, where its impact on businesses, and especially small business in social and financial inclusion, and seamless payments’ acceptance is undeniable. Usually, most businesses face financial obstacles as well as challenges in their payment cycle, whether in acceptance or disbursement, fintech however, acted as the perfect solution for all businesses especially entrepreneurs. The modernization of the digital tools found on the social media platforms enabled entrepreneurs to access all their financials, operations, and make informed decisions easily through the effective use of the online space. Thus, it acted as an efficient and customized alternative to the offline financial and banking services. In other words, Fintech, shorts for Financial Technology, steered new possibilities and opportunities to not only enable, but also empower entrepreneurs and small businesses to contribute to the digital economy and cashless society, especially in Egypt.

conclusion 

Concluding this short article, the amalgam of Fintech in the social media platform helps drastically in moving things and makes it very easy for Egyptian freelancers and creatives. It offers an instant payment solution, allows for better data analytics, and easily helps with health claiming, financial planning, etc.. In spite of the numerous hurdles fintech including (online lending) overcomes – such as its many complexities and the need for augmentation – it has demonstrated tremendous worth in driving commercial development while also promoting the emergence of a less cash-inclined. Further research should be conducted into the progress of Fintech’s respective business models and the ways in which Fintech can continue to transform the digital economy. This paper also outlines future areas in Fintech research and creation.