Digital Payement Adoption In Emerging Markets

Author(s)	Ms. Harichandana A D
Country	India
Abstract	Digital financial services (DFS) are transforming financial inclusion in emerging markets, driven by super apps, blockchain, AI, and cross-border payment systems. The Global Findex 2025 reports that 58% of adults in low- and middle-income economies hold digital accounts, with 42% using digital payments, a 20% rise since 2021. Super apps like M-Pesa and Grab integrate payments, lending, and e-commerce, serving millions, while blockchain and stablecoins facilitate $670 billion in remittances, cutting costs by up to 60%. AI personalizes services, disbursing $2 billion in microloans, and enhances fraud detection, reducing losses by 40%. However, challenges persist: only 30% of rural Sub-Saharan Africa has internet access, data costs remain high, and 50% of mobile users skip security measures, contributing to $50 billion in fraud losses. Regulatory fragmentation and low financial literacy (40% literacy rate) limit adoption. Policy recommendations include expanding connectivity through public-private partnerships, harmonizing regulations via sandboxes, scaling literacy programs, and fostering inclusive policies. By addressing these barriers, emerging markets can unlock DFS’s potential, ensuring equitable access and economic empowerment by 2025
Keywords	finance, UPI, Digital Payement, Market
Field	Sociology > Economics
Published In	Volume 16, Issue 3, July-September 2025
Published On	2025-08-27

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