International Journal of Accounting Research

Promoting Country Inclusive Finance through Digital Financial Services

Amir Moradi^* Department of Commerce and Business Management, HAN University of Applied Sciences, Ruitenberglaan 31, 6826 CC Arnhem, Netherlands
^*Correspondence: Amir Moradi, Department of Commerce and Business Management, HAN University of Applied Sciences, Ruitenberglaan 31, 6826 CC Arnhem, Netherlands, Email:

Received: 04-Mar-2022, Manuscript No. IJAR-22-16367; Editor assigned: 07-Mar-2022, Pre QC No. IJAR-22-16367 (PQ); Reviewed: 18-Mar-2022, QC No. IJAR-22-16367; Revised: 25-Mar-2022, Manuscript No. IJAR-22-16367 (R); Published: 01-Apr-2022, DOI: 10.35248/2472-114X.22.10.261

Description

Financial services Consumers, digital financial service providers, governments and thus the economy all benefit from digital finance and financial inclusion, but barriers remain. Obstacles, if addressed, could make digital finance work better for people, businesses and governments. The issues raised in this paper relate to the discussion and on-going efforts to increase financial inclusion in emerging and developing countries through digital finance. Financial inclusion can be an economic system in which all economic sectors, especially those in less developed and lowincome areas, have access to efficient financial services. A strong system of financial inclusion can be a prerequisite for increasing the depth of money servicesM.

Financial inclusion has been an important public policy priority in the aftermath of the financial crisis and it was set as an official goal in more than 50 countries and regions around the world in 2014. finance is defined as “access to appropriate services, Cheap, fair and secure financial products and services from major service providers Since 2010, the G20 and thus the IBRD have been launched a campaign to expand financial inclusion in poor countries to help developing and developing economies reduce poverty levels GPFI, 2010. Today, policymakers and students specialize in the importance of digital finance and financial inclusion for poverty alleviation and economic progress, due to a multitude of concerns which, if addressed, could make digital finance work better for everyone , businesses, governments, users of financial services, providers of digital financial services, governments and thus the economy, all consider Digital finance and financial inclusion, including improving financial access for the poor and public spending.

Product improvement and repair based on banking technology is currently considered as a method of providing advanced financial services to customers today. It is also important to expand the availability of financial products and services to the unbanked (without a bank account). Financial inclusion and digital finance have the potential to spice up places that were previously excluded from financial services. The drawback to rural revitalization is the inefficient and unequal allocation of economic resources in the parallel urban and rural financial system. It is essential to have an overview of the state of digital financial inclusion, in order to identify the bottlenecks and obstacles encountered, which act as facilitators for the formation of digital finance. Appropriate policies and support the long-term viability of the arena.

Digital finance and financial inclusion benefits customers, digital financial service providers, governments and the economy. There are still a number of hurdles that, if overcome, could make digital money work better for consumers, businesses, and governments. The issues discussed in this article are related to the on-going debate and efforts to increase financial inclusion in emerging and developing countries through digital finance. Financial service users, digital financial service providers, governments and economies all benefit from financial inclusion and digital finance. Expanding the availability of financial products and services to the unbanked is essential (without a bank account). The inefficient and unequal allocation of financial resources in the urban-rural dual economic system is a limitation for rural revitalization.

Financial inclusion can be facilitated by better knowledge of digital finance. Information and communication technologies can assist in the development of financial infrastructure in an economy where the poor are included in digitally-enabled FI activities, especially adapted to targeted activities. Financialization of global capital accumulation. On the other hand, digital financial inclusion can improve the economic performance of stakeholder groups.