FOOTPRINTS OF FINTECH ON FINANCIAL INCLUSION – EVIDENCE FROM DIGITAL BANKING SYSTEM

Fintech is considered as the vehicle of financial Inclusion. The research paper attempts to explain the impact of fintech on financial inclusion through various types of digital banking activities. The research paper mainly focuses to analyse the growth of digital banking activities with the help of fintech to achieve complete financial inclusion. India has also witnessed the miracle of fintech in the field of banking & finance sector (Prateek Roongta, and Karthik Raghupathy n.d.). Complete financial inclusion is a step towards developing a cashless economy. With the help of fintech services and fintech software people conducting their daily activities related to money is now a piece of cake. Hence, the paper is attempted to analyse the growth in digital banking with the help of financial technology. This study also analyses the measurements of currency, the enablers for payment systems, and the measures of electronic payments. The paper studies the measures of cash, electronic payments, and the enablers for payment systems, over the last 5 years. To ascertain the changes in India, if any, from cash to digital payments. It has discussed the enormous opportunities that recent financial innovations offer, but also the risks that might come from them.