Economic Effects of Financial Inclusion through FinTech Instruments in G20+ Emerging Economies

This article investigates the impact of financial inclusion - both in its traditional form and as facilitated through FinTech instruments - on economic growth in emerging economies belonging to the G22 (G20+) group. To this end, the authors construct multiple panel econometric models to analyse the relationship between financial inclusion indicators and the level of GDP per capita. The results highlight that FinTech has a significantly positive impact on economic growth, especially in lagged variable models. In contrast, traditional financial inclusion shows a negative influence, possibly due to structural inefficiencies. The study underlines the importance of investing in digital infrastructure and adopting public policies that enhance access to modern financial services, in order to achieve sustainable and equitable economic development in these countrie