International Experience Of Digital Inclusive Finance Development And Its Enlightenment To China

Today,with the rapid development of digital technology,digital Inclusive Finance has attracted worldwide attention and developed rapidly in the world since it was put forward.With the support of national policy and the common help of the progress of network technology,China has accelerated the development of digital inclusive finance.With the increasingly prominent contradiction between the sustainability of financial services provided by financial institutions and the sustainability of people's access to financial services in traditional inclusive finance,digital inclusive finance can effectively solve this contradiction and improve the availability and coverage of financial services.Therefore,digital inclusive finance gradually penetrates into rural financial services,and supports the diversification of rural finance from the breadth and depth.However,due to the special geographical environment in rural areas of China and the population composed mainly of the elderly,the inadequate network technology,farmers' financial knowledge and risk,credit awareness is not strong,financial institutions for cost and risk considerations,lack of basic motivation to provide services,and many other practical problems,has become a major obstacle to the further development of digital Inclusive Finance in rural areas of China.International efforts have been made to promote inclusive finance by digital technology,and many promising financial innovative service products have emerged.In particular,Kenya's M-PESA has developed most successfully in Africa,which has a very important reference significance for the development of China's rural digital inclusive finance.Therefore,this paper mainly studies the international experience of the development of digital Inclusive Finance and Its Enlightenment to China.In this paper,theoretical analysis and case analysis are combined to carry out the research.In theory,it simply combs the relevant concepts and development process of digital inclusive finance,deeply explores the internal linkage between digital finance and inclusive finance,and the connotation evolution of digital inclusive finance which pays more attention to the low-end population of the pyramid and develops towards a more responsible and healthy direction.In case analysis,we select mature cases of digital inclusive finance abroad to conduct in-depth analysis and research,with M-PESA in Kenya and inclusive financial platform in India as representatives.The main contents of this paper are as follows:Firstly,it combs and analyses Kenya's experience in digital inclusive finance.M-PESA is the successful representative of mobile money in Africa.Because of the low financial service environment of Kenya's bank outlets,the high mobile phone usage rate of Kenyan residents,M-PESA meets the current multi-level financial service needs with the factors of convenience,speed and low handling fees,and pays attention to the low-end population of the pyramid,thus M-PESA succeeds.M-PESA has brought great social effects to Kenya,especially in poverty reduction.India's Inclusive Finance has been in a state of development.The Aadhaar system takes advantage of digital technology,realizes data acquisition on-site,security and non-paper,and collates information data comprehensively and effectively.However,the risks in the actual use process also emerge,which warns us that while developing digital inclusive finance,we should also pay attention to its potential.Risk,and do a good job of risk prevention.Then the focus will be shifted from abroad to China's rural digital inclusive finance.The present situation of the application of digital technology to rural Inclusive Finance and the problems arising from it are mainly manifested in the lack of digital financial literacy,the lack of network infrastructure in poor areas,the inadequacy of supervision and credit information system,etc.All kinds of problems lead to the asymmetry of supply and demand in rural inclusive finance.Finally,based on the experience and Enlightenment of mobile money and effective integration of information,according to the current situation and existing problems of China's rural digital inclusive finance,this paper puts forward targeted optimization suggestions,mainly for narrowing the digital divide,improving the supervision and credit information system.