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International Journal of Science, Strategic Management and Technology

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ROLE OF FINTECH IN PROMOTING FINANCIAL INCLUSION

AUTHORS:
Aman Tyagi
Mentor
Ritu Bharti
Affiliation
DOI: 10.55041/ijsmt.v2i5.312
CC BY 4.0 License:
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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Abstract

Financial inclusion has become an important objective for both developed and developing economies, as access to financial services plays a significant role in economic growth and social development. In recent years, Financial Technology (FinTech) has emerged as a transformative force in improving financial accessibility, affordability, and efficiency. This research paper examines the role of FinTech in promoting financial inclusion through digital financial services such as mobile banking, digital wallets, online lending platforms, and digital payment systems. The study is entirely based on secondary data collected from journals, research articles, government reports, books, and reliable online sources. The paper highlights how FinTech solutions have helped underserved and unbanked populations gain access to formal financial systems, especially in rural and remote areas. It also discusses the major benefits, challenges, and future opportunities associated with FinTech adoption. The findings of the study indicate that FinTech has significantly contributed to expanding financial services, increasing digital transactions, and improving financial literacy, thereby supporting inclusive economic development. However, issues related to cybersecurity, digital literacy, and regulatory frameworks continue to remain major concerns. The study concludes that with proper policies, technological infrastructure, and awareness initiatives, FinTech can become a powerful tool for achieving sustainable financial inclusion.

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PUBLICATION DETAILS
Review Type:
Double-Blind Peer Review
License:
CC BY-NC 4.0
Volume/Issue:
Volume 02, Issue 05
Review Rounds:
2
Article Type:
Research Article
Publication Date:
May 18 2026
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Tyagi, A. (2026). Role of Fintech in Promoting Financial Inclusion. International Journal of Science, Strategic Management and Technology, 02(05). https://doi.org/10.55041/ijsmt.v2i5.312

Tyagi, Aman. "Role of Fintech in Promoting Financial Inclusion." International Journal of Science, Strategic Management and Technology, vol. 02, no. 05, 2026, pp. . doi:https://doi.org/10.55041/ijsmt.v2i5.312.

Tyagi, Aman. "Role of Fintech in Promoting Financial Inclusion." International Journal of Science, Strategic Management and Technology 02, no. 05 (2026). https://doi.org/https://doi.org/10.55041/ijsmt.v2i5.312.

References
Arner, D. W., Barberis, J., & Buckley, R. P. (2023). FinTech and the evolution of financial services. Journal of Financial Transformation, 57(2), 45–62. Chen, M. A., & Wu, Q. (2020). The rise of FinTech and its impact on financial inclusion. Journal of Banking and Finance, 115, 105–118. Demirgüç-Kunt, A., Klapper, L., & Singer, D. (2022). The Global Findex Database 2021: Financial inclusion, digital payments, and resilience in the age of COVID-19. World Bank Publications. Gomber, P., Koch, J. A., & Siering, M. (2022). Digital finance and FinTech innovation in financial services. Journal of Business Economics, 92(4), 537–580. Gupta, S., & Verma, R. (2023). Digital lending platforms and financial inclusion in India. International Journal of Financial Studies, 11(3), 78–92. Jain, R., & Kapoor, S. (2021). Mobile banking adoption and financial inclusion among low-income groups. International Journal of Bank Marketing, 39(5), 844–861. Kaur, H., & Pathak, D. (2024). Digital payment systems and financial inclusion in developing economies. Journal of Digital Banking, 8(1), 34–49. Lee, I., & Shin, Y. J. (2020). FinTech: Ecosystem, business models, investment decisions, and challenges. Business Horizons, 63(1), 35–46. Ozili, P. K. (2024). FinTech, digital finance, and financial inclusion: Current trends and future directions. International Journal of Finance and Economics, 29(1), 112–130. Philippon, T. (2020). On FinTech and financial inclusion. Review of Financial Studies, 33(6), 2473–2501. Rao, P., & Bisht, S. (2022). Rural financial inclusion through FinTech in India. Journal of Rural Development, 41(2), 205–223. Sahay, R., von Allmen, U., Lahreche, A., Khera, P., Ogawa, S., Bazarbash, M., & Beaton, K. (2021). The promise of FinTech: Financial inclusion in the post-COVID era. International Monetary Fund. Sharma, G., & Kukreja, S. (2020). Digital payments and financial inclusion in India. Indian Journal of Finance, 14(8), 21–35. Singh, A., & Sharma, R. (2023). FinTech innovation and financial inclusion in emerging economies. Asian Economic Review, 65(3), 311–329. World Bank. (2021).
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This article has undergone plagiarism screening and double-blind peer review. Editorial policies have been followed. Authors retain copyright under CC BY-NC 4.0 license. The research complies with ethical standards and institutional guidelines.
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