Title: THE IMPACT OF DIGITAL FINANCE IN FINANCIAL INCLUSION |
Author: Dr. B. Sumalatha |
Abstract: Ironically, even in the twenty-first century, more than a third of the population in developing countries is still ineligible for financial services. The inclusion of those are financially excluded in banking has been shown in several studies to be individuals and society as a whole. The G-20 countries and the World Bank have been leading the campaign for increased financial inclusion in poor countries since 2010 in order to assist alleviate penury in developing and emerging economies. Today, policy makers and researchers are paying more attention to the importance of digital banking and financial inclusion for eradicating poverty and improving the economy. Small transaction requirements are easily met by mobile technologies and digital currencies. Digital finance and financial inclusion bring to consumers of financial services; providers, governments, and the economy are increased access to finance for the poor, decreased growth in the cost of financial intermediation for banks, Fintech providers and increased aggregate spending for financial services and drawing increased attention. The link between these and the issues they present for financial inclusion have not received much attention in the past. This study examines how digital finance affects both financial inclusion and Finance system continuity. |
Keywords: Digital Finance, Financial Inclusion, Financial Stability, Mobile technology, Digital Currency etc., |
DOI: https://doi.org/10.38193/IJRCMS.2025.7314 |
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Date of Publication: 20-05-2025 |
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Published Vol & Issue: Volume 7 Issue 3 May-June 2025 |