Fintech's Role In Financial Inclusion In The Indian Landscape
DOI:
https://doi.org/10.63278/mme.vi.1804Abstract
Financial inclusion remains a critical component in India's journey toward equitable and sustainable economic growth. In recent years, financial technology (fintech) has emerged as a transformative force, bridging the gap between traditional financial services and underserved populations. This study explores the evolving role of fintech in enhancing financial inclusion across India by examining digital payment platforms, mobile banking, peer-to-peer lending, and micro-investment services. The paper highlights how innovations such as Aadhaar-enabled payment systems, UPI (Unified Payments Interface), and mobile wallets have increased accessibility, affordability, and convenience of financial services for marginalized groups. It also discusses regulatory frameworks, public-private collaborations, and infrastructural challenges that influence the effectiveness of fintech-driven inclusion. By evaluating both the opportunities and limitations of fintech in the Indian context, the study provides insights into how technology can be leveraged to achieve broader socio-economic empowerment and reduce the financial exclusion gap.
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Copyright (c) 2025 Dr. V. Prabhkaran, Mr. S. Rameshkumar
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