The Role of FinTech in Enhancing Financial Inclusion

Paper ID: EIJTEM_2026_13_1_20-27

Author's Name: Dr.S.Leelavathi, Ms.Kavitha Gopinath

Volume: 13

Issue: 1

Year: 2026

Page No: 20-27

Abstract:

Financial inclusion has become one of the most significant compared to sustainable economic development especially in developing and emerging economies where high proportions of the population still have not been served by conventional banking systems. Financial Technology (FinTech) has become popular as a disruptive power that can break down long-standing barriers to financial access through the use of digital platforms, mobile technologies and data-driven solutions. The paper discusses how FinTech has contributed to improving financial inclusion by increasing access to payments, savings, credit, insurance, and investments by marginalized groups of people. The research examines the available literature, the major FinTech models and technologies, and the ways these impact on the financial inclusion outcomes. As much as FinTech innovations imply enormous benefits, such as cost-efficiency, scale, and customer-focused services, there exist practical constraints, such as cybersecurity threats, digital illiteracy, regulatory ambiguity, and uneven digital infrastructure. The paper concludes by stating that despite the remarkable progress of the financial outreach of FinTech, supportive regulation frameworks, strong digital infrastructure, and inclusive policy interventions are the key to its long-term success. Further studies are necessary to measure the results of FinTech uptake in the real world, create risk-conscious regulatory frameworks, and consider the new technologies like artificial intelligence and blockchain to create inclusive, secure and sustainable financial ecosystems.

Keywords: FinTech, Financial Inclusion, Digital Finance, Mobile Banking, Financial Technology, Inclusive Growth.

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