Digital Payment Systems and Financial Inclusion in Building a Future-Ready Business Ecosystem

Financial Inclusion and Digital Payment Systems in Creating a Business Ecosystem Prepared for the Future Abstraction Leading the way in financial innovation, digital payment systems are essential for promoting financial inclusion and helping to build business ecosystems that are prepared for the future, particularly in rural areas. These technologies make financial transactions easy, affordable, and transparent, enabling small firms and people to join the formal economy. Notwithstanding its potential, problems including trust concerns, insufficient infrastructure, and digital illiteracy still exist. In addition to analyzing adoption constraints and offering solutions, this article investigates how digital payment systems contribute to financial inclusion.The study demonstrates the revolutionary potential of digital payments in creating robust and inclusive business ecosystems by examining successful models such as Kenya's M-Pesa and India's Unified Payments Interface (UPI).

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Publication Details

Journal
Zenodo (CERN European Organization for Nuclear Research)
Published
2025-02-28
DOI
https://doi.org/10.5281/zenodo.15129181
Primary Topic
Innovation and Socioeconomic Development
Type
article
Field-Weighted Citation Impact
0.00
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article

Digital Payment Systems and Financial Inclusion in Building a Future-Ready Business Ecosystem

Zenodo (CERN European Organization for Nuclear Research)
Innovation and Socioeconomic Development
article

Digital Payment Systems and Financial Inclusion in Building a Future-Ready Business Ecosystem

article en

Abstract

Financial Inclusion and Digital Payment Systems in Creating a Business Ecosystem Prepared for the Future Abstraction Leading the way in financial innovation, digital payment systems are essential for promoting financial inclusion and helping to build business ecosystems that are prepared for the future, particularly in rural areas. These technologies make financial transactions easy, affordable, and transparent, enabling small firms and people to join the formal economy. Notwithstanding its potential, problems including trust concerns, insufficient infrastructure, and digital illiteracy still exist. In addition to analyzing adoption constraints and offering solutions, this article investigates how digital payment systems contribute to financial inclusion.The study demonstrates the revolutionary potential of digital payments in creating robust and inclusive business ecosystems by examining successful models such as Kenya's M-Pesa and India's Unified Payments Interface (UPI).

Zenodo (CERN European Organization for Nuclear Research)
CMR University (IN)
Reduced inequalities
Openalex Percentile: Top 35%
Innovation and Socioeconomic Development
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