Digital Financial Inclusion and Fintech Innovations in DSR and Regulatory Issues

Online monetary access and fintech innovations have become the center of focus in terms of economic growth in Belt and Road Initiative economies. Digital financial inclusion is the delivery of affordable, convenient, and safe financial services via digital technologies to less privileged individuals and companies that are excluded by the formal financial system. Digital financial inclusion enhances economic inclusion by improving access to finance, facilitating the operation of small businesses, empowering marginalized populations, and minimizing poverty. The relevance of Fintech innovations in facilitating digital financial inclusion is vital. Mobile money, digital payment systems, online lending, peer-to-peer lending, blockchain-based systems, and artificial intelligence applications have changed the nature of the delivery of financial services. This chapter emphasizes that digital financial inclusion through fintech solutions and effective regulatory frameworks can lead to inclusive economic growth, enhance financial accessibility, and social and economic resilience in economic activities in BRI economies.