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VOL. 2, ISSUE 1 (2026)
Digital finance and financial inclusion: Opportunities and risks in emerging economies
Authors
Dr. E Ashitha
Abstract
Digital finance is reshaping access to financial services in emerging
economies by using mobile phones, online platforms, and fintech applications to
reach previously unbanked populations (Demirgüç‑Kunt et al., 2018). It
can lower transaction costs, expand outreach, and support innovative products
tailored to low‑income users, but it also creates new risks related to
cybersecurity, over‑indebtedness, data privacy, and digital exclusion (Ozili,
2018; World Bank, 2022) [6, 8]. This article discusses key
opportunities and challenges of digital finance for financial inclusion and
highlights policy and managerial implications for regulators and financial
service providers. The analysis suggests that digital finance can promote
inclusive growth only when innovation is combined with strong consumer
protection, effective regulation, and investments in digital and financial
literacy.
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Pages:118-119
How to cite this article:
Dr. E Ashitha "Digital finance and financial inclusion: Opportunities and risks in emerging economies". International Journal of Applied Review
, Vol 2, Issue 1, 2026, Pages 118-119
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