Impact of Digital finance on financial Inclusion

Since1990’s, there has been an upsurge in the financial services provided by various banks and financial institutions. Financial services are the economic services provided by the finance industry. Financial services are important for an economy because serves the basic needs of its citizen i.e.to save, to invest and to protect. Digital finance is a financial service that covers financial services delivered through digital network/ infrastructure including mobile and internet. The present study is conducted to explore the growth potential of digital finance and major problems faced in developing nations. The present paper focuses on the role of digital finance in inclusive growth. Digital finance has a great potential to boost the GDP of emerging economies. Digital infrastructure, financial service markets and financial products are three essential building blocks of digital finance.