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Attaining Sustainable Development Goals Through Financial Inclusion: Exploring Collaborative Approaches to Fintech Adoption in Developing Economies
Abstract
In order to boost financial inclusion and accomplish the sustainable development goals, this study suggests a multi-stakeholder framework to improve the use of fintech. This chapter examines earlier studies and frameworks designed to support the adoption of fintech by stakeholders in developing countries. The Better Than Cash Alliance (TBTCA) can encourage the use of fintech by forming alliances with companies, global organizations, and other countries. By joining the alliance, nations can leverage fintech companies to develop and execute national digital payment infrastructure. Lastly, in order to support marginalized people, integrate digital financial services, boost public-private interaction, and instruct and teach policymakers, practitioners, and technologists, the mSTAR initiative suggests collaborating with USAID. These suggestions can improve financial inclusion and hasten the adoption of fintech solutions by governments.
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