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Financial technologies and rapid development growth in emerging economies

In: Handbook of Innovation & Appropriate Technologies for International Development

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  • Jane Khayesi

Abstract

Financial technologies, commonly referred to as FinTechs, continue to play a key role in the world, more importantly in developing and emerging economies. Associated with this crucial role of FinTechs is the mushrooming of various types of FinTechs related to a growing body of scholarly research. The chapter reviews existing research on FinTechs in emerging and developing economies with the objective to understand the contribution of FinTechs, especially mobile money FinTechs, to development in emerging and developing economies. Using illustrative in-depth case studies of M-Pesa, PesaChoice and bKash, the chapter discusses how mobile money FinTechs facilitate financial inclusion, digital inclusion/digital sustainability and economic development. Through these contributions, mobile money FinTechs which are a form of appropriate technology for emerging and developing economies, facilitate economic, social and ecological development, thereby addressing various SDGs.

Suggested Citation

  • Jane Khayesi, 2022. "Financial technologies and rapid development growth in emerging economies," Chapters, in: Philippe Régnier & Daniel Frey & Samuel Pierre & Koshy Varghese & Pascal Wild (ed.), Handbook of Innovation & Appropriate Technologies for International Development, chapter 11, pages 154-167, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20782_11
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