THE IMPACT OF MOBILE PAYMENT SYSTEMS ON FINANCIAL INCLUSION IN DEVELOPING COUNTRIES

Bakoeva Gulbakhor

The university of world economy and diplomacy

Keywords: Mobile Payments, Financial Inclusion, Developing Countries, FinTech, Digital Finance, Economic Development, Poverty Reduction, Regulation, Mobile Banking.

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Abstract

This article explores how mobile payment systems contribute to financial inclusion in developing countries. It examines the mechanisms through which mobile technology improves access to banking services, reduces transaction costs, and empowers marginalized populations. The study also highlights challenges such as regulatory constraints, cybersecurity risks, and digital literacy barriers. Using empirical evidence from Africa, Asia, and Latin America, this paper demonstrates that mobile payment systems play a pivotal role in bridging the financial inclusion gap, driving economic growth, and reducing poverty.

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References

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