Has the Development of Digital Financial Inclusion Improved Rural Income in the West?

Inclusive Finance aims to provide low-cost and equal financial services for the disadvantaged groups so as to promote the balanced distribution of financial resources and the stable development of economy. With the rapid development of digital technology in recent years, artificial intelligence, big data and other technologies have been widely used in the financial field. Digital financial inclusion (DFI) has gradually gained attention from academia and financial circles. China is also actively exploring and innovating, and constantly promoting the development of DFI, so that it can improve the income of vulnerable groups such as farmers and improve their lives. Taking a Province as an example, this paper uses the panel data of 12 prefecture level cities and 2 autonomous states from 2011 to 2018, and constructs a multivariate linear regression model through an empirical analysis of the impact of digital Inclusive Finance on rural income level. The empirical results show that the development of digital inclusive finance greatly improves the income level of rural residents in Gansu Province.