DIGITAL PAYMENT PLATFORMS IN EMERGING MARKETS: A TECHNICAL FRAMEWORK FOR INDUSTRY-SPECIFIC FINANCIAL INCLUSION

Abstract

Digital payment platforms have emerged as transformative tools for advancing financial inclusion in emerging markets, where significant portions of the population remain underserved by traditional banking systems. This article examines the technical frameworks and implementation strategies for digital payment solutions across various industry sectors, including agriculture, healthcare, and retail. The article explores how emerging technologies such as artificial intelligence, blockchain, and advanced analytics are reshaping payment infrastructures while addressing critical challenges of accessibility, security, and scalability. Through analysis of real-world implementations and industry cases, this article investigates the interplay between technical architecture, user experience, and operational efficiency in digital payment systems. The article demonstrates that successful digital payment platforms require carefully orchestrated approaches that balance innovation with practical considerations, incorporating robust security measures, efficient integration patterns, and scalable architectures. This article provides insights into effective implementation strategies, highlighting the importance of phased rollouts, comprehensive testing frameworks, and continuous monitoring systems in ensuring successful deployment and adoption of digital payment solutions in emerging markets.