An Analysis of the Role of Fintech in Promoting Financial Inclusion and Economic Development in Emerging Asia

This study examines how financial technology (fintech) is driving financial inclusion and economic development in 14 emerging Asian economies, where large unbanked populations coexist with rapid digital innovation. Drawing on World Bank Global Findex data and country case studies, it analyzes demographic, geographic, and socio-economic disparities in financial access, highlighting fintech’s role in bridging gaps through mobile money, digital payments, and inclusive credit. The findings show that fintech can improve livelihoods, empower women, and support GDP growth when coupled with robust regulation, user-centric design, and financial literacy initiatives. However, risks such as digital exclusion, predatory lending, and data misuse remain. The report offers policy recommendations to deepen engagement beyond access, align fintech with national development goals, and ensure equitable, sustainable outcomes across the region.