Digital Finance in Promoting Financial Inclusion and Economic Growth

DOI

10.2991/978-94-6463-770-0_29How to use a DOI?

Keywords

Digital Finance; Financial Inclusion; Economic Development

Abstract

Digital finance has emerged as a powerful driver of economic inclusion and growth in developing countries. By leveraging mobile banking technologies, digital wallets, and AI-driven platforms, it enables previously unbanked populations and small businesses to access essential financial services. This enhanced access to credit, savings, and insurance not only boosts economic participation but also significantly increases productivity and reduces poverty levels, especially in regions with underdeveloped infrastructure. However, the rapid expansion of digital finance also catalyzes several critical challenges. Data privacy breaches pose a significant risk to users, while regulatory fragmentation complicates compliance and cross-border transactions. Additionally, sustainability concerns need to be addressed to ensure long-term viability. To address these issues, collaborative efforts are imperative. Governments must adopt harmonized regulations to streamline the digital finance landscape. Meanwhile, tech firms should invest in AI-powered fraud detection and green fintech solutions to enhance security and sustainability. Only through such balanced innovation can digital finance fully realize its potential as a catalyst for equitable and sustainable development, ultimately benefiting millions of people in developing economies.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Xinyi Kong
PY  - 2025
DA  - 2025/06/26
TI  - Digital Finance in Promoting Financial Inclusion and Economic Growth
BT  - Proceedings of the 2025 3rd International Conference on Digital Economy and Management Science (CDEMS 2025)
PB  - Atlantis Press
SP  - 234
EP  - 246
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-770-0_29
DO  - 10.2991/978-94-6463-770-0_29
ID  - Kong2025
ER  -