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The Impact of Financial Literacy, Social Capital, and Financial Technology on Financial Inclusion in Saudi Arabia
Hamed, Rahaf
Hamed, Rahaf
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Abstract
Abstract This study investigates the influence of financial literacy, social capital, and financial technology
(FinTech) on financial inclusion in Saudi Arabia, particularly in the context of Vision 2030. As the Kingdom
advances toward economic diversification, enhancing access to financial services has become a critical national
priority. Using a quantitative research approach, survey data was collected from university students across key
cities. The findings reveal that while financial technology and social capital have a significant positive impact
on financial inclusion, the effect of financial literacy is comparatively weaker. The study highlights the role of
FinTech innovations in overcoming traditional barriers to financial access, and the importance of trust-based
social networks in facilitating financial engagement. These insights offer important implications for
policymakers, educators, and financial institutions seeking to design targeted strategies that strengthen financial
inclusion among Saudi youth. Building financial capability, expanding FinTech literacy, and leveraging social
structures are recommended as pathways to a more inclusive financial ecosystem in Saudi Arabia.