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VOL. 12, ISSUE 1 (2026)
Digital pathways to financial inclusion: The transformative role of digital payments in expanding inclusive financial systems
Authors
Dr. Rajani P
Abstract
Financial inclusion has become a very
important element of sustainable economic development, especially in the
developing economies where a significant portion of the population is still not
included in the formal financial systems. With the advent of digital payment
systems, there has been a huge change in the way financial services are
delivered due to the introduction of affordable, convenient, and easy to access
alternatives to conventional banking systems. This theoretical paper will
discuss the role of digital payments in increasing financial inclusion through
increasing access, decreasing transaction costs, boosting transparency, and
enabling marginalized groups to engage in financial activities. To examine the
extent to which mobile banking, digital wallets, fintech innovations, and
government-led digital infrastructures can enhance inclusive finance, the paper
summarizes the current theoretical views and research results. Moreover, the
article examines the economic and social consequences of digital financial
inclusion such as reduction of poverty, economic empowerment and enhanced
financial resilience. Such issues as digital literacy shortages, cybersecurity
threats, and infrastructural imbalances are also addressed. The article
concludes that properly regulated and financially educated digital payment
ecosystems might become strong instruments of realizing inclusive financial
development and minimizing economic inequalities.
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Pages:364-366
How to cite this article:
Dr. Rajani P "Digital pathways to financial inclusion: The transformative role of digital payments in expanding inclusive financial systems". International Journal of Commerce and Management Research, Vol 12, Issue 1, 2026, Pages 364-366
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