Digital Finance, Financial Inclusion, and Sustainable Economic Development: A Systematic Literature Review

Authors

Nastiti Kumaralalita Sekolah Tinggi Ilmu Ekonomi Widya Wiwaha, Yogyakarta

DOI:

https://doi.org/10.54518/fid.2.2.2024.1281

Keywords:

Digital Finance, Digital Transformation, Economic Productivity, Financial Inclusion, Sustainable Development

Abstract

Digital transformation has changed various aspects of economic activity, including the financial sector which is experiencing rapid development through the use of digital finance. This study aims to analyze the relationship between digital finance, financial inclusion, economic productivity, and sustainable economic development through the Systematic Literature Review (SLR) approach. Research data was obtained from various scientific articles, academic books, and reports of international institutions published in the last five years. The analysis process is carried out through identification, selection, evaluation, and synthesis of literature relevant to the research theme. The results of the study show that digital finance contributes to increasing financial inclusion through expanding public access to formal financial services. In addition, digital finance also encourages increased economic productivity through transaction efficiency, ease of access to financing, and strengthening entrepreneurial activities. The findings of the study also show that digital finance has an important role in supporting sustainable economic development through improving energy efficiency, green productivity, and equitable distribution of economic opportunities. However, challenges such as digital literacy, data security, technological infrastructure, and regulations still need to be considered to optimize the benefits of digital finance in supporting inclusive, productive, and sustainable economic development.

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Published

2024-12-30

How to Cite

Kumaralalita, N. (2024). Digital Finance, Financial Inclusion, and Sustainable Economic Development: A Systematic Literature Review. Finance Innovations Digest, 2(2), 90–103. https://doi.org/10.54518/fid.2.2.2024.1281