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The rise of digital finance: Financial inclusion or debt trap?

Abstract
This study focuses on the impact of digital finance on households. While digital finance has brought financial inclusion, it has also increased the risk of households falling into a debt trap. We provide evidence that supports this notion and explain the channel through which digital finance increases the likelihood of financial distress. Our results show that the widespread use of digital finance...
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Keywords
Debt
Financial inclusion
Finance
Consumption (sociology)
Economics
Trap (plumbing)
Business
Financial system
Financial market
Monetary economics
Financial services
Social science
Environmental engineering
Sociology
Engineering
Sustainable Development Goals (SDG)
Reduced inequalities


pdf file

The rise of digital finance: Financial inclusion or debt trap?
pdf file

The rise of digital finance: Financial inclusion or debt trap?

Abstract
This study focuses on the impact of digital finance on households. While digital finance has brought financial inclusion, it has also increased the risk of households falling into a debt trap. We provide evidence that supports this notion and explain the channel through which digital finance increases the likelihood of financial distress. Our results show that the widespread use of digital finance...
View PDF
Keywords
Debt
Financial inclusion
Finance
Consumption (sociology)
Economics
Trap (plumbing)
Business
Financial system
Financial market
Monetary economics
Financial services
Social science
Environmental engineering
Sociology
Engineering
Sustainable Development Goals (SDG)
Reduced inequalities


pdf file