New technologies and widespread internet and smart phone adoption have led to an increased availability of digital financial services, many of which are offered by non-traditional financial-service providers including so-called Big Techs such as Apple, Alibaba, Amazon, Facebook, eBay, Google, and Tencent. A recent analysis published in Contemporary Economic Policy notes that the entry of Big Techs into the financial landscape can lead to innovative financial services and also enhance financial inclusion by making these services available to people who have traditionally been excluded from financial services offered by banks.
