【摘要】 普惠金融面临着“惠”与“普”难以实现互动发展的困境，制约其高质量发展。本文系统分析普惠金融本质，探究“惠”推动“普”实现互动发展的关键，厘清数字普惠金融的助力机理。研究发现，普惠金融以“惠”为根本推动“普”，“普”发挥规模经济与范围经济作用促进“惠”，实现互动发展；“薄利多销”为其盈利模式。实现互动发展的关键在于降低普惠金融产品的平均成本；数字普惠金融的助力机理为依托数字平台网络效应、数据信息非竞争性以及数字技术去中心化分别降低获客成本、风控成本和交易成本。然而，数字普惠金融仍存在服务边界。最后，提出搭建“三角平台”运行载体，做实促进数字普惠金融发展的设施保障。更多还原

【Abstract】 Inclusive finance faces the dilemma that it is difficult to realize the interactive development of "benefit" and "inclusion", which restricts its high-quality development. This paper systematically analyzes the nature of financial inclusion, explores the key of "benefit" to promote "inclusion" to achieve interactive development, and clarifies the mechanism of digital financial inclusion. The study finds that inclusive finance takes "benefit" as the root to promote "inclusion", and "inclusion" plays the role of scale economy and scope economy to promote "benefit", realizing interactive development; and "thin profit and high sales" is its profit model. The key to achieving interactive development lies in reducing the average cost of inclusive financial products; the enabling mechanism of digital inclusive finance is to rely on the network effect of digital platforms, the noncompetitive nature of data and information, and the decentralization of digital technology to reduce the cost of customer acquisition, the cost of risk control, and the cost of transactions, respectively. However, digital inclusive finance still has service boundaries. Finally, it is proposed that a "triangular platform" be built as an operational vehicle to ensure the facilities for promoting the development of digital inclusive finance.更多还原