Examination of the nexus between Inclusive Growth, Financial Technology, and Poverty in Mauritius

This study thoroughly explored the complex triangle between inclusive growth, financial technology (FinTech), and poverty alleviation in Mauritius at a deeper level. It used a mixed-methods research design, a combination of qualitative and quantitative data. The research investigated the ways that FinTech innovations like mobile banking, digital payment systems, and peer-to-peer lending platforms help to expand financial inclusion and give power to marginalised groups. The results show that FinTech plays a vital role in providing cheaper financial services, unleashing entrepreneurship, and making the economy more efficient, thus leading to inclusive growth. However, the gains are not evenly shared amongst the different segments of the population. People living in remote areas, seniors, and those with low digital literacy are the most negatively affected since a lack of digital infrastructure and regulatory complexities are among the barriers they face. The article is a real eye-opener as to the crucial role that well-designed policy measures and capacity-building programs must play if these hurdles are to be overcome successfully. The policy suggestions revolve around equipping citizens with digital skills, enhancing regulatory frameworks, encouraging public-private partnerships, and adapting FinTech offerings to the local conditions of the socio-economic environment. Thus, the government of Mauritius can fully tap into the potential of FinTech as a powerful tool for poverty reduction sustainably and equitably. The study not only deepens the debate on technology-led inclusive economic growth in small island developing states but also stands as a manual with useful directions for stakeholders, policymakers, and practitioners involved in financial inclusion projects.