# Digital finance expansion in emerging economies

> Live situation record from CLSTR: https://clstr.news/situations/digital-finance-expansion-in-emerging-economies
> Updated: 2026-08-27T14:13:01.000Z. Sources: 6. Developments: 2.

Emerging economies are experiencing increased financial inclusion through the expansion of digital finance, mobile money, and fintech solutions.

In Eswatini, the Central Bank is modernizing payment infrastructure via the Eswatini Payments Switch, enabling near real-time transactions. Mobile money services are helping women and informal entrepreneurs build digital profiles to establish creditworthiness. 

Similarly, Ghana is utilizing mobile money and USSD-based services to bypass traditional infrastructure constraints, though challenges regarding digital literacy and affordability persist. In India, the Financial Inclusion Index has risen significantly, driven by government programs like the Pradhan Mantri Jan Dhan Yojana and the increased use of RuPay debit cards, which have facilitated direct access to government transfers and the formal economy.

## Timeline

### 2026-08-27: Financial inclusion expands in Ghana and India via digital innovation

Ghana and India are expanding financial inclusion through fintech, mobile money, and government initiatives like India's PMJDY to improve banking access for underserved populations.

4 sources. https://clstr.news/cluster/financial-inclusion-expands-in-ghana-and-india-via-digital-innovation

### 2026-08-21: Digital finance and mobile money expand economic access in Eswatini

Digital finance and mobile money are driving financial inclusion in Eswatini, providing credit access to women and informal entrepreneurs through digital profiles and modernizing payment infrastructure.

2 sources. https://clstr.news/cluster/digital-finance-and-mobile-money-expand-economic-access-in-eswatini

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Cite as: Digital finance expansion in emerging economies. CLSTR, https://clstr.news/situations/digital-finance-expansion-in-emerging-economies