Digitalization and Sustainable Economic Development: Examining the Role of Fintech in Bridging Financial Access Gaps in Developing Economies
DOI:
https://doi.org/10.59890/ijefbs.v2i6.87Keywords:
Financial Technology, Digitalization, Financial Inclusion, Sustainable Development, Developing EconomiesAbstract
Digitalization has emerged as a key driver of sustainable economic development, especially in developing economies. This study investigates how financial technology (fintech) serves as a bridge to mitigate financial access disparities. It explores the extent to which fintech platforms enhance inclusivity, stimulate economic activities, and support sustainable growth by providing access to credit, savings, and insurance. Using a qualitative methodology, this research integrates interviews, policy analyses, and case studies from various developing nations. Results indicate that while fintech expands financial access, challenges like regulatory barriers and digital literacy gaps persist. These findings contribute to understanding the strategic role of fintech in fostering inclusive growth and provide policy recommendations for stakeholders.
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