THE IMPACT OF FINTECH ON FINANCIAL INCLUSION: OPPORTUNITIES, CHALLENGES, AND FUTURE PERSPECTIVES

Abstract

Financial technology (Fintech) has emerged as a disruptive force in the financial industry, revolutionizing how financial services are accessed and delivered. This research aims to explore the impact of Fintech on financial inclusion, focusing on the opportunities, its challenges, and the future perspectives of its integration. Financial inclusion refers to the accessibility and availability of financial services to individuals and businesses, particularly those historically underserved or excluded from the traditional banking system. On the other hand, Fintech encompasses the use of technology to provide innovative financial solutions and services.  By analyzing existing literature, case studies, and empirical evidence, this research provides valuable insights into the potential of Fintech to enhance financial inclusion, bridge the digital divide, and foster economic empowerment for underserved populations. It also examines the key challenges associated with Fintech adoption and proposes recommendations for policymakers and industry stakeholders to leverage the full potential of Fintech in promoting inclusive financial ecosystems.