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Technology-driven financial inclusion: Opportunities for corporate expansion in emerging markets

Year: 2024

Type: article

Abstract: With increased potential for corporate expansion, especially in developing areas, the fast evolution of technology has played a crucial role in promoting financial inclusion. The influence of technology-driven financial inclusion on corporate growth in various areas is examined in this research. The research evaluates the availability of financial services made possible by digital platforms and looks at how corporations might use these advances for market expansion by examining data from 180 respondents. The results show that FinTech technologies, digital payment systems, and mobile banking have improved financial accessibility, which has stimulated economic growth and corporate outreach in underserved regions. Insights into how corporations might overcome these obstacles while optimizing their expansion plans are provided by the research, which also identifies obstacles, including insufficient technology infrastructure and legislative restrictions.

Source: THE SCIENTIFIC TEMPER

DOI: 10.58414/scientifictemper.2024.15.4.41

Authors: Dattatraya Pandurang Rane, Amey Adinath Choudhari, Rita Kakade

Institutions: Shreemati Nathibai Damodar Thackersey Women's University, Savitribai Phule Pune University

Language: English

Topic: Microfinance and Financial Inclusion

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: diamond

OpenAlex ID: W4406103929

FWCI:

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Related to: 10