Fintech, or financial technology, is the use of technology to improve and automate financial services. Fintech has disrupted traditional financial services in many ways, and emerging markets are no exception. Emerging markets are countries with low to middle income per capita and are usually in the process of industrialization and rapid economic growth. Fintech is disrupting financial services in emerging markets in several ways. Firstly, fintech is making financial services more accessible to people in emerging markets. In many emerging markets, a significant portion of the population is unbanked, meaning they do not have access to traditional banking services. Fintech is helping to change that by providing alternative financial services that are more accessible and affordable. For example, mobile banking services allow people to access financial services using their smartphones, making banking services more accessible to people who live in rural areas or who do not ha...
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