Name: Salma Begum & Diksha Singh
Country: India

Year: 2026
Volume: Volume No: 13, Issue No: 1, Year: 2026
Page Number: 130-138
DOI: https://doi.org/10.5281/zenodo.19468048

ABSTRACT
Since all societal segments have accessibility to formal financial services, financial inclusion plays a crucial role in promoting inclusive economic development. However, due to institutional, structural, and economic factors, a sizable segment of the populace in a developing country lacks access to formal financial services. Fintech, or financial technology, has recently been recognized by the market as one of the key current drivers with the ability to close the present gaps in financial services.

This research paper tries to explore Fintech's potential to advance financial inclusion in
developing economies in a quantitative manner by using secondary data to research the topic. The researchers focus on the indication of Fintech's growth, including the use of digital payment methods, mobile money accounts, and online transactions. The research considers indications of financial inclusion in addition to the growth of Fintech. as well. The control variables also include internet penetration and income levels, which are studied to have an indepth understanding of the study.

The results show that the use of Fintech has been steadily increasing, which is compatible with the rise in the rate of the financial inclusion. Regression analysis and correlation show that there is a substantial, positive relationship between the growth of Fintech as well as financial inclusion, and that high levels of digital banking activity are correlated with high levels of financial inclusion. Nevertheless, the effects on access to formal credit are moderate.

The paper concludes that, as important as Fintech is projected to promote financial inclusion, the factor is also subject to other variations, known as supporting factors.

Keywords: Digital payments, digital banking, financial inclusion, emerging economies, and financial technology (Fintech)