LEVEL OF DEEPENING FINANCIAL INFRASTRUCTURE, FINTECH COMPANIES AND FINANCIAL INCLUSION: THEORY AND EVIDENCE

Financial inclusion brings the potential benefits as big part of population gain greater access to financial instruments and services. These benefits are raised up using financial tools so the need of promoting financial inclusion is more than obvious - it is global priority. Financial infrastructure can help in reducing the risks and increase the efficiency of financial markets, but can sometimes contribute to situations where excessive risks are being taken. Financial infrastructure could be considered as a system of roads under which financial intermediation takes place. Better roads reduce travel time and costs, but also increase the potential speed, which has inherent risks. These benefits are raised up using financial tools so the need of promoting financial inclusion is more than obvious, it is global priority. This paper examines that financial developments expand economic opportunity which create positive effects as theory and evidences provide sound reasons for taking this benefits.