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VOL. 10, ISSUE 6 (2024)
Fintech — A financial sector revolution in India
Authors
Dr. Riya Shalini
Abstract
Fintech (financial technology) has reshaped
India’s financial landscape over the past decade, accelerating digital
payments, widening access to credit, transforming insurance and investment
services, and spawning a vibrant startup ecosystem. This paper examines the
rise of fintech in India, catalogs major achievements, assesses limitations and
risks, and provides conclusions and policy and industry recommendations.
Drawing on government releases, industry reports and academic analyses, the
paper argues that fintech’s revolution is real and measurable — driven by
infrastructure (Aadhaar, mobile penetration, UPI), regulatory experimentation
(regulatory sandbox, tailored guidelines), and private capital but that
sustainable inclusion requires stronger consumer protection, data governance,
and capacity-building to manage fraud, uneven access, and business-model risks.
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Pages:117-120
How to cite this article:
Dr. Riya Shalini "Fintech — A financial sector revolution in India". International Journal of Commerce and Management Research, Vol 10, Issue 6, 2024, Pages 117-120
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