publication

Use of big data in developing markets

Authors:
Yi HUANG
Wenlan QIAN
2021

Big-data-based FinTech innovations in developing countries extend financial services to underbanked small firms and households. These services reduce transaction costs and improve credit allocation that in turn boost business growth and household consumption. In this chapter, we survey recent evidence from China and other developing markets on the unique advantages of big-data-based FinTech and the channels through which it promotes inclusive growth for both businesses and consumers.