Financial Technology Services in India

Digital banking has revolutionized the way Indians access financial services. With the advent of technology, banks and financial institutions have introduced various digital banking services to cater to the growing demand for convenient and accessible banking. Here are some of the types of digital banking services available in India. This paper is based on the secondary data collected from the various websites, research papers and reports. The main aim of this paper is to describe the impact of digitalization on inclusive growth in India. This paper describes Internet Banking, Mobile Banking, Digital Wallets, Unified Payments Interface (UPI), Mobile Payment Apps, Online Fund Transfer, Bill Payment Services, Digital Loan Services, Investment Services, Digital Insurance Services, Cardless Cash Withdrawal, Aadhaar-enabled Payment System (AePS).