ABSTRACT
In recent years, globalization and technological advancement have widened the wealth gap in developed countries. However, developing countries can narrow the gap by using technologies properly. In particular, applications of technology in the financial sector can promote financial inclusion. In recent years, most countries have taken up inclusive finance as a general social and economic development policy to address the aggravation of social immobility and income inequality. Inclusive finance’s ability to enhance the inclusiveness of social and economic development has received widespread attention from the international community, particularly its significance in promoting entrepreneurship and employment, alleviating poverty, promoting shared development, and realizing equity and justice.
