Fintech Instruments – An Analysis of Small and Medium Enterprises in Sultanate of Oman

Abstract

A Small enterprise is a business having few or less than forty employees where the medium sized one is that containing about two hundred fifty workers or employees (Anhadwita, 2014). There are several small medium enterprises in Oman. Financial technology is defined as the use of technological based instruments in finance related services (Ammal, 2022). The financial technology means the service offering so that the improvement can be made in the business processes such as the delivery of the services to the consumers (Ammal, 2022). It will help in the in underling of the offering and then by creating newer market proportion opportunities and services for the new consumers. The research deals with the analysis on the financial technology instruments used by these small medium enterprises place on the individuals as well as the economy and the surrounding factors. The framework will follow the research variables which will provide for the research objectives and the research questions. The data will be accumulated using secondary methods of data collection. The problem statement deals use of financial technology in the small mediums enterprises in Oman. The sample selected for the research will be a non-probability based one where the data collected from 175 respondents will be analyzed using the quantitative method for data representation and analysis. The sample will be the small business owners of Oman or the little entrepreneur and employees consisting of both male and females.