Digital Finance in Emerging Economies and Challenges

Pankaj Kumar

Abstract: This article aims to provide some valuable insights into the happening innovations in the financial services across the emerging economies with the rapid boost in Digital finance. Over the years the financial industry has witnessed a continuous evolution across different finance verticals owing to the power of digitalization among which emergence of Digital Finance is a key factor. Digital Finance encompasses a magnitude of whole new approach towards a Financial Inclusion model providing affordable financial services to poor families in emerging economies, to make financial transactions more secure and transparent, giving a boost to innovative financial businesses and services. It also aims to cover how digital finance could drive the emerging world economies towards a better new world by overcoming the challenges in its path and looking for sustainable future.

Keywords: Digital Finance, Financial Inclusion, Financial Services, Emerging Economies