FinTech Companies: Role and Implications in Indian Economy

Author(s)	Dr. Gnaneswari Pedasanaganti, Dr. Sravani Maddala
Country	India
Abstract	The rapid expansion of digital payment systems in India has significantly transformed financial transactions across urban and semi-urban regions. While metropolitan cities demonstrate high levels of digital adoption, Tier-II cities exhibit moderate yet steadily increasing penetration. This study examines the relationship between financial literacy, banking penetration, and digital payment growth using secondary data from RBI, NPCI, NCFE, and national statistical reports. The findings indicate that improvements in financial literacy, banking outreach under PMJDY, and digital infrastructure expansion have collectively contributed to rising digital transaction volumes in semi-urban India. However, gaps in cybersecurity awareness and digital risk management persist. The study concludes that financial literacy plays a crucial enabling role in strengthening digital financial inclusion.
Keywords	Fintech companies, technology, transformative, democratised, disruption, etc.
Field	Business Administration
Published In	Volume 7, Issue 2, March-April 2026
Published On	2026-04-29
DOI	https://doi.org/10.63363/aijfr.2026.v07i02.5151

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