Exploring the impact of fintech on rural banking and financial inclusion
Author(s): Amit Kumar Singla
Abstract: Fintech, or digital banking solutions, is modernizing the provision of financial services paradigms, particularly in disadvantaged rural communities. Digital banking innovations are transforming financial services solutions for rural communities and enhance financial empowerment. It includes mobile banking, digital wallets, UPI, Aadhaar linked transactions, micro finance apps offers to underserved communities and facilitating rural development. It studies fintech's contribution in fostering financial access, determining challenges, users' trustworthiness and cybersecurity challenges in online transactions in rural communities. The research study utilizes both primary research and secondary research data to evaluate the efficacy of digital financial services in reducing the urban-rural financial disparity and finalizes with action oriented strategies for stakeholders groups.
Amit Kumar Singla. Exploring the impact of fintech on rural banking and financial inclusion. Int J Multidiscip Trends 2023;5(10):40-42. DOI: 10.22271/multi.2023.v5.i10a.844
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