Author(s): Elena Kovac
Digital payment systems (DPS) have become a significant driver of financial inclusion in emerging economies. These systems offer accessible, secure, and affordable financial services, enabling populations that were previously excluded from formal banking systems to participate in economic activities. Digital tools such as mobile banking, digital wallets, and fintech platforms play a key role in expanding financial access. However, challenges related to infrastructure, regulation, and cyber security remain critical concerns. Evidence suggests that the combination of digital innovation, supportive government policies, and financial literacy initiatives can greatly enhance financial inclusion and promote economic development.