FinTech Innovations for Financial Inclusion in Emerging Markets: Opportunities and Challenges
William Forson
, Ellis Amissah
Fintech ; Financial inclusion; Emerging markets; Mobile banking ; Digital payment ; Peer-to-peer lending ; Crowdfunding ; Blockchain technology ; Microinsurance;
Financial inclusion is a cornerstone of economic development, particularly in emerging markets where a significant portion of the population lacks access to traditional banking services. Financial Technology (FinTech) has emerged as a transformative force capable of bridging this gap by offering innovative solutions that extend financial services to the unbanked and underbanked. This article explores the role of FinTech in promoting financial inclusion in emerging markets, analyzes the key challenges and barriers to its broader adoption, and proposes strategies for enhancing the effectiveness of FinTech innovations. By examining case studies from countries like Kenya, India, Brazil, Nigeria, and Ghana, this article provides insights into how FinTech can be harnessed to drive economic growth and reduce poverty.
"FinTech Innovations for Financial Inclusion in Emerging Markets: Opportunities and Challenges", JNRID - JOURNAL OF NOVEL RESEARCH AND INNOVATIVE DEVELOPMENT (www.JNRID.org), ISSN:2984-8687, Vol.2, Issue 8, page no.a115-a118, August-2024, Available :https://tijer.org/JNRID/papers/JNRID2408014.pdf
Volume 2
Issue 8,
August-2024
Pages : a115-a118
Paper Reg. ID: JNRID_700580
Published Paper Id: JNRID2408014
Downloads: 000763
Research Area: Commerce All
Country: Chandigarh, Chandigarh, India
ISSN: 2984-8687 | IMPACT FACTOR: 9.57 Calculated By Google Scholar | ESTD YEAR: 2023
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.57 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: JNRID (IJ Publication) Janvi Wave
