Thesis Abstract

Abstract
Digital payment systems have revolutionized the way financial transactions are conducted globally, offering increased convenience, efficiency, and security. In developing countries, the adoption of digital payment systems has the potential to enhance financial inclusion by providing access to formal financial services for underserved populations. This thesis explores the impact of digital payment systems on financial inclusion in developing countries, focusing on the opportunities and challenges associated with their implementation. The study begins with an examination of the background and context of financial inclusion and digital payment systems in developing countries. It identifies the problem statement, highlighting the barriers to financial inclusion and the role of digital payment systems in addressing these challenges. The objectives of the study are outlined, aiming to assess the impact of digital payment systems on financial inclusion, identify key factors influencing adoption, and recommend strategies to enhance financial inclusion through digital payments. A comprehensive literature review explores existing research on digital payment systems, financial inclusion, and related topics. Ten key themes are identified, including the benefits of digital payments, barriers to adoption, regulatory challenges, and the role of technology in promoting financial inclusion. The review provides a theoretical framework for understanding the impact of digital payment systems on financial inclusion in developing countries. The research methodology section outlines the approach taken to investigate the research questions. Eight components are included, such as the research design, data collection methods, sampling strategy, and data analysis techniques. A mixed-methods approach is employed, combining quantitative data analysis with qualitative insights from interviews and surveys conducted with stakeholders in developing countries. The findings of the study reveal the significant impact of digital payment systems on financial inclusion in developing countries. Key findings include the importance of mobile money services, the role of regulatory frameworks in promoting digital payments, and the need for targeted policies to address barriers to adoption. The discussion of findings delves into the implications for policymakers, financial institutions, and technology providers seeking to promote financial inclusion through digital payments. In conclusion, the thesis summarizes the key findings and offers recommendations for enhancing financial inclusion through digital payment systems in developing countries. The study highlights the transformative potential of digital payments in expanding access to financial services, reducing poverty, and promoting economic development. By addressing the challenges and opportunities associated with digital payment systems, policymakers and stakeholders can work towards a more inclusive financial system that benefits all members of society. Keywords digital payment systems, financial inclusion, developing countries, mobile money, regulatory frameworks, technology adoption, mixed-methods research.

Thesis Overview