Fintech: A Catalyst for Micro-Credit Across the Globe

Siddhartha Ghosh; Nitish Shekhar

Title:
Fintech: A Catalyst for Micro-Credit Across the Globe

Authors:
Nitish Shekhar | Siddhartha Ghosh

Cite This Article :

Nitish Shekhar | Siddhartha Ghosh "Fintech: A Catalyst for Micro-Credit Across the Globe" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-4, August 2024, pp.47-55, URL: https://www.ijtsrd.com/papers/ijtsrd67120.pdf

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Abstract :
This academic paper explores the transformative impact of financial technology (FinTech) on global financial systems and economic inclusion. Beginning with an examination of the evolution and paradigms of FinTech post-crisis, it delves into the role of digital innovations in enhancing financial services accessibility, particularly in developing economies. Key themes include the rise of mobile money and blockchain technologies, their implications for financial inclusion, and the challenges and opportunities they present in different regional contexts. Insights from empirical studies on microfinance, peer-to-peer lending, and digital credit illustrate the nuanced effects of FinTech on economic development and regulatory frameworks. The paper concludes with a discussion on future research directions to maximize the potential of FinTech for sustainable financial inclusion.

Keywords :
FinTech, financial inclusion, digital finance, mobile money, blockchain technology, microfinance, peer-to-peer lending, economic development, regulatory frameworks

Publication Details:

Unique Identification Number : IJTSRD67120

Published In : Volume-8 | Issue-4, August 2024

Page Number(s) : 47-55

Publisher Name : IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470

Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

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