From innovation to inclusion: The dynamic influence of fintech on financial accessibility and future scopes in India

Purpose – The purpose of this paper is analyze the effects of Fintech and its various sub-sets on Financial Inclusion. Additionally, the authors have analyzed the presence of Fintech in India, its emergence, and its future scope. Design/methodology/approach – As a literature review, no specific methodology is required. Findings – Research has shown core sub-sectors of Fintech like Reg-tech, Insur-Tech, Online Banking, and Digital Lending to be sectors that contribute the most to financial inclusion from Fintech if further investment is made these sectors have promising potential Research limitations/implications – The review would prove to be a dire catalyst in the research of present Fintech situations, aiding professionals in finding key sectors where further attention and investment in financial inclusion can prove to provide positive outcomes. Practical implications – The study highlights areas of Fintech that have the most positive impact on financial inclusion providing a clear path to investors and government officials on which areas to focus on. Social implications – As a literature review, there are only indirect social implications in the sense that the studies reviewed could be used to impact people’s lives. Originality/value – As a literature review, originality is not an applicable criterion, however, the study adds value for the reader by highlighting gaps in the current body of knowledge and bringing together various studies in one location.