Digital Financial Inclusion


Authors : Kirti Kapoor

Volume/Issue : Volume 9 - 2024, Issue 3 - March

Google Scholar : https://tinyurl.com/yr97tjet

Scribd : https://tinyurl.com/2s48yrhj

DOI : https://doi.org/10.38124/ijisrt/IJISRT24MAR069

Abstract : Digital financial inclusion refers to the availability of opportunities of accessing digital financial services by low income groups and weaker sections of society. In the financial service industry, adoption of technology has been accelerating in the recent years. There are various digital applications that offer financial services have been increased and continuously growing. Latest developments in technology can be used very effectively so that it becomes easy to bring those people who are financially excluded under the ambit of digital financial inclusion also in a cost effective manner. Many policy makers and academicians are getting attracted towards digital financial inclusion after seeing its increasing advantages. The objective of this paper is to understand digital financial inclusion. Another purpose of this study is to identify the impact of digital finance in bringing about financial inclusion among people.

Keywords : Digital Financial Inclusion; Financial Stability; Financial Technology.

Digital financial inclusion refers to the availability of opportunities of accessing digital financial services by low income groups and weaker sections of society. In the financial service industry, adoption of technology has been accelerating in the recent years. There are various digital applications that offer financial services have been increased and continuously growing. Latest developments in technology can be used very effectively so that it becomes easy to bring those people who are financially excluded under the ambit of digital financial inclusion also in a cost effective manner. Many policy makers and academicians are getting attracted towards digital financial inclusion after seeing its increasing advantages. The objective of this paper is to understand digital financial inclusion. Another purpose of this study is to identify the impact of digital finance in bringing about financial inclusion among people.

Keywords : Digital Financial Inclusion; Financial Stability; Financial Technology.

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