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Fintech Diffusion and Economic Growth

In: The Palgrave Handbook of Development Finance

Author

Listed:
  • Prachi Gupta

    (Temple University)

  • Somnath Sharma

    (Reserve Bank of India)

  • Shashi Kant

    (Reserve Bank of India)

Abstract

How can Fintech drive economic development and growth in developing countries? Which Fintech tools and channels are most effective for stimulating economic progress? What policy challenges need to be addressed to maximize Fintech’s impact? This chapter answers the above questions by identifying key Fintech tools, and examining their potential to spur economic growth and development. We specifically analyze data from India and offer insights into the mechanisms through which Fintech can influence economic dynamics in the current times.

Suggested Citation

  • Prachi Gupta & Somnath Sharma & Shashi Kant, 2025. "Fintech Diffusion and Economic Growth," Springer Books, in: George Kararach & Emmanuel Pinto Moreira & Victor Murinde (ed.), The Palgrave Handbook of Development Finance, chapter 0, pages 371-388, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-77422-5_19
    DOI: 10.1007/978-3-031-77422-5_19
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