This study examines the direct and indirect factors that influence the adoption of these Digital Financial Services. Financial technology innovation and government regulations are motivated by important factors like financial inclusion and financial safety. An exploratory approach examines the different dimensions of the trend in Fintech regulation and Digital Financial Services adoption from developed and developing country dimensions. Considering the trend in transactions from electronic payment channels since the cashless policy in Nigeria. The study highlights that regulation serves as a tool to promote the adoption of Digital Financial Services, but the level of adoption is influenced by important factors like internet access and broadband penetration amongst others.