Drivers of Fintech Growth in Emerging Economies: An Analytical Study of BRICS Nations

The rapid technology advancement in the area of finance has transformed the international financial landscape, particularly in the developing countries. The BRICS countries, Brazil, Russia, China, India, and South Africa have observed high growth of fintech as a result of growing levels of digitalization, favorable government policies, and the growing consumer demand of digital financial services. In this paper, the analytical analysis of the key drivers of fintech growth in BRICS countries is provided. This study also showed that fintech growth help to promote international and cross border payment. The paper brings out the influence of technology adoption, financial inclusion, regulatory systems, and investment patterns as the factors that influence the development of fintech globally specially in BRICS countries Keywords: Fintech, BRICS Countries, Digital Payments, Financial Inclusion, Economic Growth.