Affiliation:
1. K.R. Mangalam University, India
Abstract
Financial inclusion, marked by universal access to affordable and convenient financial services, drives economic growth and social equity. This chapter explores its impact on individuals and economies, addressing challenges and opportunities. Drawing from academic literature, reports, and case studies, it underscores the roles of financial technology (Fintech) and regulatory frameworks in expanding financial access and fostering inclusive economic development. It deepens our understanding of financial inclusion, highlighting its role in building more inclusive and sustainable societies by mobilizing savings for investments, job creation, and reducing income inequality. Nonetheless, barriers like geographic constraints, identification issues, low financial literacy, and gender disparities persist, with Fintech poised to address and revolutionize these challenges.