The Effect of Blockchain Adoption on Fintech Development: The Moderating Role of ‎Organizational Agility, An Empirical Study of Digital Wallet

  • Authors

    • Mohannad AL-Magali Department of Finance, Amman Arab University, Jordan https://orcid.org/0000-0001-6326-460X
    • Mahmoud Allahham Department of Business, Amman Arab University, Jordan
    • Osama Mousa Alawneh Department of Human Resource Management, Business School, Jadara
    • Firas Tayseer Ayasrah College of Education, Humanities, and Science‎, Al Ain University, Al Ain
    • Ra'ad Nathir Ahmed Al-Rawashdeh Business College, Luminus Technical University College
    • Khaleel Al-Said Department of Educational Technology, Faculty of Arts and Educational Sciences, Middle ‎East University, Amman, Jordan
    https://doi.org/10.14419/ap5xkw22

    Received date: July 25, 2025

    Accepted date: August 27, 2025

    Published date: September 17, 2025

  • Technological Readiness; Perceived Benefits; User Acceptance; Organizational Agility; Fintech ‎Development

  • Abstract

    This article investigates the moderating effect of organizational agility on the association between ‎blockchain adoption and fintech development, focusing on the digital wallet in Jordan. Transforming ‎the digital economy with financial technologies, blockchain, a foundational innovation, offers ‎improved transparency, security, and operational efficiency. However, the extent to which these ‎benefits materialize depends on an organization's ability to respond quickly to change, a quality ‎known as organizational agility. In line with this, we explore how the adoption of blockchain adds to ‎the relationship between fintech development outcomes and how organizational agility interplays in ‎this relationship. We adopted a quantitative methodology that involved employees and stakeholders ‎in the digital wallet. The results show that blockchain adoption positively influences fintech ‎development, and organizational agility significantly moderates this relationship. Such findings ‎provide practical contributions for fintech firms and technology strategists to use blockchain ‎innovations to grow dynamically in organizations, in Jordanian emerging financial markets‎.

  • References

    1. Abbas, A., & Ali, A. (2024). Antecedents & Outcomes of Marketing Agility : A Dynamic Capability Leading to Performance. 4(2). https://doi.org/10.62019/abbdm.v4i02.167.
    2. Adebimpe, O. I., & Lola, A. O. (2024). Cloud-Based Accounting Information Systems and Financial Reporting Quality of Listed Information and Communication Technology Firms in Nigeria. Journal of Economics, Finance And Management Studies, 07(04), 2089–2104. https://doi.org/10.47191/jefms/v7-i4-32.
    3. Aditya, D. S. (2021). Journal of Technology and Science Education EMBARKING DIGITAL LEARNING DUE TO COVID-19: Are Teachers Ready? Journal of Technology and Science Education, 11(1), 104–116. https://doi.org/10.3926/jotse.1109.
    4. Al-Ahmadi, H. (2011). Challenges facing women leaders in Jordan. Human Resource Development International, 14(2), 149–166. https://doi.org/10.1080/13678868.2011.558311.
    5. Alkhazaleh, A., Assaf, A., Shehada, M., Almustafa, E., & Allahham, M. (2023). Analysis of the Impact of Fintech Firms’ Lending on the Expansion of Service Base Companies in Jordan. Information Sciences Letters, 12(8), 2891–2902. https://doi.org/10.18576/isl/120837.
    6. Allahham, M., Sharabati, A. A. A., Al-Sager, M., Sabra, S., Awartani, L., & Khraim, A. S. L. (2024). Supply chain risks in the age of big data and artificial intelligence: The role of risk alert tools and managerial apprehensions. Uncertain Supply Chain Management, 12(1), 399–406. https://doi.org/10.5267/j.uscm.2023.9.012.
    7. Almaqtari, F. A. (2024). The moderating role of IT governance on the relationship between FinTech and sustainability performance. Journal of Open Innovation: Technology, Market, and Complexity, 10(2), 100267. https://doi.org/10.1016/j.joitmc.2024.100267.
    8. Almustafa, E. . A. A. . & A. M. (n.d.). Implementation of artificial intelligence for financial process innovation of commercial banks. .
    9. Alrjoub, A. M. S., Almomani, S. N., Al-Hosban, A. A., & Allahham, M. I. (2021). the Impact of Financial Performance on Earnings Management Practice Behavior (an Empirical Study on Financial Companies in Jordan). Academy of Strategic Management Journal, 20(Special Issue 2), 1–15.
    10. Amini, M., & Bakri, A. (2019). Cloud Computing Adoption by SMEs in the Malaysia. A Multi-Perspective Framework Based on DOI Theory and TOE Framework, 9(2), 121–135. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2841175%0Ahttps://www.academia.edu/download/48980689/Cloud_Computing_Adoption_by_SMEs_in_the_Malaysia-_A_Multi-Perspective_Framework_based_on_DOI_Theory_and_TOE_Framework_.pdf.
    11. Aslam, H., Blome, C., Roscoe, S., & Azhar, T. M. (2020). Determining the antecedents of dynamic supply chain capabilities. Supply Chain Management, 25(4), 427–442. https://doi.org/10.1108/SCM-02-2019-0074.
    12. Atieh Ali, A. A., Sharabati, A. A., Alqurashi, D. R., Shkeer, A. S., & Allahham, M. (2024). The impact of artificial intelligence and supply chain collaboration on supply chain resilience: Mediating the effects of information sharing. Uncertain Supply Chain Management, 12, 1801–1812. https://doi.org/10.5267/j.uscm.2024.3.002.
    13. Atta, A. A. B., Ahmad, A. Y. A. B., Allahham, M. I., Sisodia, D. R., Singh, R. R., & Maginmani, U. H. (2023). Application of Machine Learning and Blockchain Technology in Improving Supply Chain Financial Risk Management. Proceedings of International Conference on Contemporary Computing and Informatics, IC3I 2023, 2199–2205. https://doi.org/10.1109/IC3I59117.2023.10397935.
    14. Bashatweh, A. D., Abutaber, T. A., Jamal, M., Faris, L., Khader, A., Al-jaghbir, S. A., & Alzoubi, I. J. (2023). Does Environmental , Social , and Governance ( ESG ) Disclosure Add Firm Value ? Evidence from Sharia-Compliant Banks in Jordan Does Environmental , Social , and Governance ( ESG ) Disclosure Add Firm Value ? Evidence from Sharia-Compliant Banks in Jordan. July 2022. https://doi.org/10.1007/978-3-031-08084-5.
    15. Bashatweh, A. D., Emad, P., & Ahmed, Y. (2020). Financial Performance Evaluation of the commercial banks in Jordan : Based on the CAMELS Framework Financial Performance Evaluation of the commercial banks in Jordan : Based on the CAMELS Framework . April.
    16. Gharaibeh, N., Gharaibeh, M. K., Gharaibeh, O., & Bdour, W. (2020). Exploring intention to adopt mobile commerce: Integrating UTAUT2 with social media. International Journal of Scientific and Technology Research, 9(3), 3826–3833.
    17. Hammi, B., Zeadally, S., & Nebhen, J. (2023). Security Threats, Countermeasures, and Challenges of Digital Supply Chains. ACM Computing Surveys, 55(14 S). https://doi.org/10.1145/3588999.
    18. Jameel, A. S. (2024). The Effect of Organizational Culture , Rewards and Trust on Knowledge Sharing Among Academic Staff. https://doi.org/10.61704/jpr.v24i4.pp25-35.
    19. Jawabreh, O., Baadhem, A. M., Ali, B. J. A., Atta, A. A. B., Ali, A., Al-Hosaini, F. F., & Allahham, M. (2023). The Influence of Supply Chain Management Strategies on Organizational Performance in Hospitality Industry. Applied Mathematics and Information Sciences, 17(5), 851–858. https://doi.org/10.18576/amis/170511.
    20. Khan, W. Z., Rehman, M. H., Zangoti, H. M., Afzal, M. K., Armi, N., & Salah, K. (2020). Industrial internet of things: Recent advances, enabling technologies and open challenges. Computers and Electrical Engineering, 81, 106522. https://doi.org/10.1016/j.compeleceng.2019.106522.
    21. Mishra, N. (2024). Green Fintech Revolution: Assessing The Impact Of Sustainable Finance Platforms On Environmental And Social Outcomes. UGC Care Group 1 Journal, 17(3). https://www.researchgate.net/publication/379484138
    22. Mittal, N. (2024). Fin Tech Evolution: Pioneering Sustainable Transformations in Investment and Finance. SJIF) Sudarshan Research Journal, 179(2), 10–27. www.sudarshanresearchjournal.com.
    23. Morshed, A., Maali, B., Ramadan, A., Ashal, N., Zoubi, M., & Allahham, M. (2024). The impact of supply chain finance on financial sustainability in Jordanian SMEs. Uncertain Supply Chain Management, 12(4), 2767–2776. https://doi.org/10.5267/j.uscm.2024.4.025.
    24. Obaid, T., Eneizan, B., Naser, S. S. A., Alsheikh, G., Ali, A. A. A., Abualrejal, H. M. E., & Gazem, N. A. (2022). Factors Contributing to an Effective E- Government Adoption in Palestine. Lecture Notes on Data Engineering and Communications Technologies, 127(January), 663–676. https://doi.org/10.1007/978-3-030-98741-1_55.
    25. Perano, M., Cammarano, A., Varriale, V., Del Regno, C., Michelino, F., & Caputo, M. (2023). Embracing supply chain digitalization and unphysicalization to enhance supply chain performance: a conceptual framework. In International Journal of Physical Distribution and Logistics Management (Vol. 53, Issues 5–6). https://doi.org/10.1108/IJPDLM-06-2022-0201.
    26. Sharabati, A. A. A., Rehman, S. U., Malik, M. H., Sabra, S., Al-Sager, M., & Allahham, M. (2024). Is AI biased? evidence from FinTech-based innovation in supply chain management companies? International Journal of Data and Network Science, 8(3), 1839–1852. https://doi.org/10.5267/j.ijdns.2024.2.005.
    27. Sharabati, A. A., Ali, A., Ali, A., Allahham, M. I., Hussein, A. A., Alheet, A. F., & Mohammad, A. S. (2024). The Impact of Digital Marketing on the Performance of SMEs : An Analytical Study in Light of Modern Digital Transformations. 1–25. https://doi.org/10.3390/su16198667.
    28. Shehadeh, H., Shajrawi, A., Zoubi, M., & Daoud, M. (2024). The mediating role of ICT on the impact of supply chain management (SCM) on organizational performance (OP): A field study in Pharmaceutical Companies in Jordan. Uncertain Supply Chain Management, 12(2), 1251–1266. https://doi.org/10.5267/j.uscm.2023.11.011.
    29. Technology, P. (2023). FROM STAGNATION TO SUCCESS: HOW BUSINESS PROCESS REENGINEERING CAN DRIVE GROWTH AND INNOVATION IN BUSINESS Dr. Smita Dron* Assistant Professor, HBTU , Kanpur, Uttar Pradesh, India. 23(2), 4949–4966.
    30. Wihelmina Afua Addy, Onyeka Chrisanctus Ofodile, Omotoya Bukola Adeoye, Adedoyin Tolulope Oyewole, Chinwe Chinazo Okoye, Olubusola Odeyemi, & Yinka James Ololade. (2024). Data-Driven Sustainability: How Fintech Innovations Are Supporting Green Finance. Engineering Science & Technology Journal, 5(3), 760–773. https://doi.org/10.51594/estj.v5i3.871.
    31. Zhang, X., Zhao, Y., & Liu, X. (2024). Can fi ntech promote environmental investment in heavily polluting enterprises ? evidence from China. July, 1–9. https://doi.org/10.3389/fenvs.2024.1373685.

  • Downloads

  • How to Cite

    AL-Magali , M., Allahham, M. ., Alawneh, O. M., Ayasrah, F. T. ., Al-Rawashdeh , R. N. A. ., & Al-Said , K. . (2025). The Effect of Blockchain Adoption on Fintech Development: The Moderating Role of ‎Organizational Agility, An Empirical Study of Digital Wallet. International Journal of Basic and Applied Sciences, 14(5), 639-648. https://doi.org/10.14419/ap5xkw22