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Financial Innovation

Table 5 Standardised factor loading and significance tests.

From: How does financial literacy impact on inclusive finance?

Variables

Banking

Microfinance

Fintech

Coef

z

Coef

z

Coef

z

Profession

0.1269***

3.77

0.5331***

40.78

0.5503***

41.87

(0.0337)

 

(0.0131)

 

(0.0131)

 

Income

0.5181***

20.67

0.0466

1.36

0.2726***

8.60

(0.0251)

 

(0.0342)

 

(0.0317)

 

Education

0.4642***

17.27

-0.138***

-4.10

0.3845***

13.17

(0.0269)

 

(0.0336)

 

(0.0292)

 

Deposit & withdraw ability

0.9121***

158.32

0.9017***

140.75

  

(0.0058)

 

(0.0064)

   

DPS & loan

0.7288***

45.36

0.8572***

130.21

  

(0.0161)

 

(0.0135)

   

DPS & loan interest rate

0.6937***

39.03

0.6225***

29.67

  

(0.0178)

 

(0.0210)

   

Instalment

0.6595***

34.06

0.7633***

53.38

  

(0.0194)

 

(0.0143)

   

Security money

0.6065***

28.00

0.7298***

45.57

  

(0.0217)

 

(0.0160)

   

Personal investment

  

0.6331***

30.84

  
  

(0.0205)

   

Send & withdraw ability

    

0.8097***

68.65

    

(0.0118)

 

Billpay ability

    

0.4159***

14.68

    

(0.0283)

 

Software use Ability

    

0.5268***

21.29

    

(0.0248)

 

Online dealing ability

    

0.3861***

13.24

    

(0.0292)

 

FinTech training

    

0.2644***

8.30

    

(0.0319)

 
  1. The Comparative fit index (CFI) value for each single model is 1.0, the value of Prob > chi2 is 0.000. *** refers the p-value is more than 0.001, the value within the first bracket is the OIM standard error
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