The Role of Financial Technology in Economic Development
Keywords:
Financial Technology, Fintech, Economic Development, Financial Inclusion, Regulatory ChallengesAbstract
This study examines the transformative impact of financial technology (fintech) on economic development. By analyzing various fintech innovations, such as mobile banking and digital payment systems, the article highlights their role in enhancing financial inclusion and economic growth. The research also explores regulatory challenges and the need for policy frameworks to harness fintech's potential effectively. It concludes that fintech can be a catalyst for economic development if integrated with supportive regulatory environments.
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