Fintech has emerged as a disruptive force in the global financial environment. While its impact is felt globally, it is most visible in emerging economies where traditional banking infrastructure is lacking. This article examines the astonishing rise of fintech in emerging nations, emphasizing its role in promoting financial inclusion and economic prosperity.
Inadequate physical banking infrastructure, high transaction costs, and limited credit access are common impediments to financial inclusion in emerging nations. Fintech has effectively addressed these issues by harnessing technology to provide new solutions that go beyond traditional banking constraints.
Fidelity Emerging Markets Limited (LON:FEML) is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.
