IDEAS home Printed from https://ideas.repec.org/a/wej/wldecn/972.html

Drivers of Digital Payment Growth in Emerging Economies

Author

Listed:
  • Ramesh Kumar

Abstract

The paper examines the key drivers behind the rapid growth of digital payments in the BRICS countries (Brazil, Russia, India, China, and South Africa), identifying technological, economic, regulatory, and social factors as the main motivators for widespread adoption. Drawing on secondary sourcesincluding government reports, financial databases, fintech industry analyses, case studies, and transactional data from mobile wallets, online banking, and other financial technologiesthe study traces the evolution and increasing use of digital payment systems across these emerging markets. Findings highlight the critical roles played by government policies promoting financial inclusion, high mobile phone penetration, technological advancements, and infrastructure development in accelerating the shift toward digital payments in BRICS nations. The paper offers policy recommendations for BRICS governments to implement targeted changes that further boost digital payment adoption, aiming to support sustainable economic growth and enhance overall financial inclusivity.

Suggested Citation

  • Ramesh Kumar, 2026. "Drivers of Digital Payment Growth in Emerging Economies," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 27(1), pages 131-150, January.
    • Handle: RePEc:wej:wldecn:972
    as

    Download full text from publisher

    File URL: https://www.world-economics-journal.com/Papers/Details.aspx?ID=972
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wej:wldecn:972. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ed Jones (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.