From Fintech to Financial Inclusion: A Holistic Examination of India's Evolving Economic Landscape

Abstract

This study aims to understand how use of Fintech is enabling more people access to financial services in Indian context. Based on the analysis of the indicated UPI transactions, consumer lending, Findex database and others, the study examines the effects of growth of fintech on the financial inclusion. Consequently, the study shows that Digital Payments and, in particular, UPI plays a crucial role in enhancing of the availability of financial services thus making government efforts enhance this effect. Thus, the present study support the role of fintech in filling the gap of financial inclusion in India. This is the reason why it is important for policy makers who wish to enhance the access to financial services and stimulate economic growth.