Impact of Financial Literacy, Banking Access and Inclusion on Fintech Adoption in India: An Empirical Analysis in the Indian Emerging Settings

Financial, Adoption, enhancing, technological, productivity

The swift advancement in financial technology (FinTech) has considerably revolutionized the financial ecology within a developing economy like India. This research explores the influence of financial knowledge, banking services and financial inclusion on FinTech implementation. With the rise in digitalization, FinTech models like mobile banking, digital wallets, and neo-banks have boosted ease of access and productivity in banking services. Nevertheless, differences in banking information and entry to banking network carry on with influencing the adoption rates.  The study emphasizes that financial literacy plays an essential role in allowing people to comprehend and use FinTech services constructively, whilst financial services confirm larger contribution among all socio-economic groups. Additionally, technological evolution like blockchain and virtual payment models have rapid integration but also faced issues related to trust, security and consciousness. The results recommend that enhancing banking knowledge and uplifting comprehensive financial models are necessary to augment the advantages of FinTech in India’s developing financial environment. A sample of 309 was collected to find the result of the study. The factors studying Impact of Financial Literacy, Banking Access and Inclusion on Fintech Adoption in India are Financial Literacy, Trust and security, Technology Readiness and Innovation Awareness. The study concludes that there is significant impact of Financial Literacy, Trust and security, Technology Readiness and Innovation Awareness on fintech adoption.