IMPACT OF DIGITAL FINANCIAL INCLUSION ON ECONOMIC GROWTH WITHIN PAKISTANI EMERGING MARKET FROM 2010-2024: ROLE OF CUSTOMER AWARENESS, E-BANKING TRAINING AND DIGITAL FINANCIAL INCLUSION LITERACY PROGRAMS

Abstract

This study explores the relationship between digital financial inclusion and economic growth, using secondary data analyzed through descriptive statistics, correlation analysis, and regression techniques. The findings reveal that GDP growth fluctuated moderately during the study period, with an average of 3.42%. Key indicators such as outstanding loans, the number of bank accounts, mobile money transactions, and digital deposit accounts show increasing public engagement with formal and digital financial services. The data also highlights rising mobile and internet penetration, alongside growing public interest in digital finance, as reflected in Google search trends. Government initiatives, including funding for digital financial literacy and training programs, further support the shift toward a more digitally inclusive economy. Correlation results indicate strong to moderate positive relationships between GDP and several financial inclusion variables, while regression analysis confirms that bank branches, ATMs, loan accounts, and mobile banking users significantly contribute to GDP growth. These results underscore the crucial role of expanding digital financial infrastructure, increasing accessibility, and enhancing financial literacy in promoting sustainable economic development.

Keywords: Digital Financial Inclusion, Economic Growth, GDP, Mobile Banking, Financial Literacy, Financial Infrastructure, Sustainable Development