Digital Financial Inclusion in Emerging and Developing Economies: A New Index

Categories : Customer and Users of Digital Payments, Financial inclusion


Author: International Monetary Fund

Adoption of technology in the financial services industry (i.e. fintech) has been accelerating in recent years. To systematically and comprehensively assess the extent and progress over time in financial inclusion enabled by technology, the IMF has developed a novel digital financial inclusion index. This index is based on payments data covering 52 developing countries for 2014 and 2017, taking into account both access and usage dimentions of digital financial services (DFSs).