Technology and Society Perspectives (TACIT)
Vol 1 No 1 (2023): March 2023

Digital Technology Innovation in Improving Financial Access for Low-Income Communities

M. Indre Wanof (Department of Management High-Technology, Faculty of Management, Moscow State University of Technology, Russia)

Article Info

Publish Date
31 Aug 2023

Abstract

Access to finance is one of the key factors in building an inclusive and sustainable economy. Low-income communities often experience difficulties in accessing adequate financial services, such as savings, credit and insurance. This research aims to investigate how digital technology innovation has contributed to improving financial access for low-income people. This research is a literature analysis that utilises a qualitative approach. This approach involves analysing and interpreting data based on information and text taken from various sources. The study results show that digital technology innovation has opened up great opportunities in improving financial access for low-income people. Digital banking services, e-payments and alternative funding models have helped overcome traditional barriers, such as geographical distance and administrative costs, which often hinder access to financial services.

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Journal Info
Technology and Society Perspectives (TACIT)
Website

Abbrev

tacit

Publisher

PT. Literasi Sains Nusantara

Subject

Computer Science & IT Economics, Econometrics & Finance Environmental Science Languange, Linguistic, Communication & Media Social Sciences

Description

Technology and Society Perspectives (TACIT) is a reputable academic journal that serves as a platform for the comprehensive exploration of the intricate interplay between technology and society. Through its rigorous examination of this relationship, TACIT offers insightful analyses, encourages ...