Digital Payments and Economic Growth in Developing Countries - Investigate how the adoption of digital payment systems is driving economic growth and financial inclusion in developing nations.

Digital Payments and Economic Growth in Developing Countries - Investigate how the adoption of digital payment systems is driving economic growth and financial inclusion in developing nations.

Registration ID: IJNRD_224767

Published ID: IJNRD2407094

DOI: Click Here to Get

Ridhima Wahi

A digital payment, also known as an electronic payment, is the process of transferring funds between two or more payment accounts through the use of a digital device or channel. Payment methods such as credit cards, debit cards, mobile money, and prepaid cards may all be included in this definition. There are three distinct types of digital payments: partially digital, mostly digital, and totally digital. The 1 percentage point rise in the use of digital payments is linked to 0.04 and 0.10 percentage points, respectively, in the growth rates of total factor productivity and GDP per capita (Tombini, 2023). Given that the population claiming to use digital payments ranged from virtually 0% to 100% ( Tombini, 2023), this is a substantial amount. Greater employment reduces the share of informal payments by 0.06 percentage points and makes loans easier (Tobini, 2023). This study will examine how innovations in digital payment systems affect financial inclusion and economic growth in developing countries, evaluate relevant studies, and make recommendations for long-term financial growth through digital payment systems.

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"Digital Payments and Economic Growth in Developing Countries - Investigate how the adoption of digital payment systems is driving economic growth and financial inclusion in developing nations.", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.9, Issue 7, page no.a380-a390, July-2024, Available :https://ijnrd.org/papers/IJNRD2407094.pdf

Volume 9 Issue 7, July-2024

Pages : a380-a390

Paper Reg. ID: IJNRD_224767

Published Paper Id: IJNRD2407094

Downloads: 000121363

Research Area: Commerce

Country: New Delhi , Delhi, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2407094.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2407094

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

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This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition

Call For Paper - Volume 10 | Issue 8 | August 2025

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