The Role of Fintech in Enhancing Financial Inclusion

Abstract

This research investigates the role of financial technology (fintech) in enhancing financial inclusion, specifically by analyzing digital payments, mobile money, and peer-to-peer lending. Using data from sources such as the World Bank's Global Findex Database, IMF financial reports, and regional studies, this report aims to illustrate how fintech has transformed access to financial services, especially in underserved regions. Quantitative analysis reveals a significant increase in account ownership and financial service usage in countries with advanced fintech ecosystems. The study concludes with recommendations for overcoming barriers to full fintech adoption and suggests policy measures to enhance the positive impacts of fintech on financial inclusion.