Digital financial inclusion
By: Sarkar, Kaustav K and Chavan, Pallavi
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Material type: 
BookPublisher: Economic & Political Weekly Description: 60(16), Apr 19, 2025: p.72-81.
In:
Economic & Political WeeklySummary: The global advent of digital financial inclusion has +been in the form of near-universalisation of access to bank/mobile money accounts and retail digital payments. DFI in India, too, has been spearheaded by digital payments, revolutionised by its Unified Payments Interface, digital lending, and digital insurance. Using a fixed effects panel model covering the period from 2011 to 2021, economic growth, urbanisation, and digital infrastructural development emerge as the major macro-level determinants of DFI globally. Notwithstanding its promise, intra-population digital divides remain a key challenge in the path of DFI globally as well as in India. The Indian case bears out the role of micro-level, user-specific characteristics such as gender, place of residence (rural or urban) and age in influencing DFI. Going forward, strengthening the digital financial infrastructure in a targeted manner to narrow the digital divide and designing conducive policy measures for a regulated growth of the fintech sector are the ways forward. – Reproduced
https://www.epw.in/journal/2025/16/special-articles/digital-financial-inclusion.html
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 60(16), Apr 19, 2025: p.72-81 | Available | AR135974 |
The global advent of digital financial inclusion has +been in the form of near-universalisation of access to bank/mobile money accounts and retail digital payments. DFI in India, too, has been spearheaded by digital payments, revolutionised by its Unified Payments Interface, digital lending, and digital insurance. Using a fixed effects panel model covering the period from 2011 to 2021, economic growth, urbanisation, and digital infrastructural development emerge as the major macro-level determinants of DFI globally. Notwithstanding its promise, intra-population digital divides remain a key challenge in the path of DFI globally as well as in India. The Indian case bears out the role of micro-level, user-specific characteristics such as gender, place of residence (rural or urban) and age in influencing DFI. Going forward, strengthening the digital financial infrastructure in a targeted manner to narrow the digital divide and designing conducive policy measures for a regulated growth of the fintech sector are the ways forward. – Reproduced
https://www.epw.in/journal/2025/16/special-articles/digital-financial-inclusion.html
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