Proceedings of the 2025 International Conference on Financial Innovation and Marketing Management (FIMM 2025)

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Financial Innovation as a Determinant of Economic Growth

Authors
Zeyang Zhuo1, *
1Faculty of Humanities and Social Sciences, The University of Nottingham-Ningbo, Ningbo, 315100, China
*Corresponding author. Email: hmyzz30@nottingham.edu.cn
Corresponding Author
Zeyang Zhuo
Available Online 3 November 2025.
DOI
10.2991/978-94-6463-874-5_2How to use a DOI?
Keywords
Digital Finance; Economic Growth; Mobile Payment
Abstract

The rapid advancement of digital technology has transformed the financial sector, making digital finance a pivotal driver of global economic growth. This paper explores the role of digital finance in fostering economic development, emphasizing its potential to enhance financial inclusion, reduce transaction costs, and stimulate innovation. Also, the study highlights key mechanisms through which digital finance contributes to economic growth, including its ability to integrate underserved populations into formal financial systems, support small and medium enterprises (SMEs), and facilitate cross-border trade through technologies like blockchain and mobile payments. Additionally, the paper addresses challenges such as regulatory gaps, cybersecurity risks, and environmental concerns associated with energy-intensive technologies. Utilizing both current academic literature and case-based evidence, this paper provides a comprehensive analysis of digital finance’s benefits and limitations, offering insights for policymakers and stakeholders to harness its potential for inclusive and sustainable economic progress. The findings underscore the need for balanced development, robust regulatory frameworks, and technological innovation to maximize the positive impact of digital finance on global 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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Volume Title
Proceedings of the 2025 International Conference on Financial Innovation and Marketing Management (FIMM 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
3 November 2025
ISBN
978-94-6463-874-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-874-5_2How to use a DOI?
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.

Cite this article

risenwbib
TY  - CONF
AU  - Zeyang Zhuo
PY  - 2025
DA  - 2025/11/03
TI  - Financial Innovation as a Determinant of Economic Growth
BT  - Proceedings of the 2025 International Conference on Financial Innovation and Marketing Management (FIMM 2025)
PB  - Atlantis Press
SP  - 7
EP  - 15
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-874-5_2
DO  - 10.2991/978-94-6463-874-5_2
ID  - Zhuo2025
ER  -