FinTech for a sustainable India: digital financial innovation as a driver of low-carbon growth

The Digital–Sustainable Finance Nexus: Fintech, Green Finance, and Inclusive Growth in Emerging Economy

This mixed-methods study examines the associations among fintech advancement, green finance, and financial inclusion in Jordan, an emerging economy. It draws on a distinctive three-part dataset: survey data from 21 commercial banks (N = 21), a national household survey, and semi-structured interviews with stakeholders. The quantitative results indicate that the positive association between fintech adoption and the provision of green finance is statistically consistent with full mediation by banks’ absorptive capacity, particularly their digital maturity and data analytics capabilities. Proactive regulatory support significantly moderates this mediated relationship. Market demand, by contrast, has no statistically significant moderating effect. At the household level, the combined use of digital and green financial products is associated with higher formal account ownership and with the use of a greater number of financial products. The interviews support these results, pointing to institutional capacity and regulatory clarity as essential enabling factors. Given the cross-sectional bank-level data (N = 21) and the exploratory scope of the mediation analysis, causal interpretations should be avoided. Future longitudinal research is needed to examine temporal dynamics. Even so, these findings offer policymakers an initial empirical framework: channeling fintech toward sustainable development will likely require targeted interventions to build institutional digital capacity and establish clear regulatory frameworks, rather than depending solely on market forces.

Inclusive Growth through Fintech: A Comparative Study of Sustainable Models in Emerging Economies

Countries experiencing challenges such as inequalities, lack of access to finances, and environmental concerns in developing and emerging economies are striving to ensure inclusive growth. Inclusive growth means that economic development must be inclusive to all sections of the population. The emergence of Fintech, a combination of finance and technology, is playing a crucial role in this pursuit. Fintech is revolutionizing the concept of inclusive growth by offering easy access to financial services, fostering entrepreneurship, and facilitating green finance. This research is examining the role of Fintech innovations in India, Kenya, Brazil, and Indonesia, which are developing and emerging economies, in ensuring inclusive growth of their economies. These nations are at various stages of Fintech development and have varying socio-economic conditions that provide lessons that can be learned. This paper highlights the way in which digital solutions close gaps in affordability, accessibility, and financial literacy through mobile payments, peer-to-peer lending, and block chain based microfinance. The findings point to successful elements, which include good coordination between the public and private sectors, adaptive regulation, digital literacy, and the environmental aspects. Flexible and inclusive Fintech systems may be found in Brazil, where there is an application called Pix, in Kenya, where one finds M-Pesa, in India, where UPI and Jan Dhan Yojana exist, and in Indonesia, where there is a Fintech sandbox. The research seeks to analyze how Fintech innovations can aid in the achievement of economic inclusiveness in emerging countries. It evaluates the structural, legal, and digital aspects that are associated with sustainable growth and financial inclusiveness in comparative studies of Brazil, Indonesia, Kenya, and India.

Navigating G20 's Green Transition: The Triple Interplay of Digitalization, Fintech, and Trade on Resource Sustainability

As the core platform for global economic governance, the green transformation of the G‐20 countries is of vital importance to global sustainable development. This study, based on panel data from 1990 to 2023 and using a second‐generation econometric method, examines the impact of five factors—digitalization, fintech, trade openness, industrial growth, and per capita income—on the sustainability of natural resources. The findings are as follows: (1) Digitalization intensifies resource dependence, resulting in a “digital rebound effect”, with the transmission channel being the stimulation of consumer demand; (2) Fintech has the potential for “resource conservation” but the effect varies by country, with the transmission channel being green investment promotion; (3) Trade openness and industrial growth inhibit resource rents, verifying the environmental Kuznets curve from the resource perspective; (4) The interaction between digitalization and fintech, and between digitalization and trade openness generates a “doubled rebound effect”; (5) The impact of each factor varies systematically between developed and developing countries, as well as between emerging markets and non‐emerging markets. It is recommended that the G‐20 implement a comprehensive strategy integrating green digitalization, sustainable fintech, and clean industrial upgrading.

A Study on the Impact of FinTech on Green Finance and ESG Investments

The convergence of Financial Technology (FinTech) and green finance represents a paradigm shift in the global effort to achieve carbon neutrality, offering a technological solution to the chronic "green finance gap" that currently hinders climate-resilient development. By integrating digital innovations such as blockchain and artificial intelligence (AI), the financial sector can effectively mitigate the "principal-agent" problem and reduce information asymmetry, ensuring that capital is directed toward authentic green projects rather than misleading "greenwashing" initiatives (Albert et al., 2025; Gao et al., 2024). In emerging economies like the BRICS and E7 nations, FinTech acts as a vital accelerator for energy efficiency and sustainable growth, providing the infrastructure necessary for transparent carbon credit trading and real-time ESG performance monitoring (Liu et al., 2022; Udeagha & Muchapondwa, 2023). However, the long-term success of this digital-sustainability nexus is contingent upon overcoming systemic barriers, including data fragmentation, regulatory gaps, and the persistent digital divide, which require a coordinated, multi-stakeholder strategic response to ensure that the benefits of inclusive green finance are shared equitably across the global economy (Galeone et al., 2024; Liu et al., 2022).

The Path to Zero-Carbon: Analyzing How Green Finance and Financial Innovation Impact Environmental Performance: Analysis of Four Asian Developing Economies

Revisiting the environmental costs of digitalization: evidence from advanced economies

Digitalisation has greatly changed development approaches worldwide, including increasing efficiency and productivity in sectors. But the potential impact on the environment is unclear. This study examines the effects of digitalisation on the environment in G7 economies between 2000 and 2023. A composite digitalization index is built by applying principal component analysis (PCA) and the carbon dioxide (CO 2 ) emissions is used as a proxy for environmental degradation. The study uses PMG-ARDL model to provide strong empirical analysis and FMOLS model as a robustness test due to cross-sectional dependence, slope heterogeneity and mixed integration order. The results show that digitalisation helps to lower CO 2 emissions in G7 countries, supporting environmental sustainability through technological progress. The EKC is verified, as initial economic development leads to rising emissions and beyond a threshold, lower emissions. In addition, energy use is a major contributor to environmental damage, and FDI results a decline of emissions. The findings underline the importance of policymakers to incorporate environmental concerns in digital transformation policies. To achieve maximum environmental benefits from digitalization, it is important to promote energy-efficient digital infrastructure and provide incentives for green innovation. The study highlights the need to make sure digital development is aligned with sustainability goals.