Abstract

Fintech has been a rising sector in the financial world and has significant potential for promoting financial inclusion. This paper uses the World Bank's Global Findex database to understand problems faced by consumers and challenges associated with financial inclusion. The reduced cost of internet access and the competitive smartphone market have made technology more affordable. The study analyses inequality in society and examines how fintech can help reduce financial gaps. It discusses different types of fintech services and their potential to provide affordable and accessible financial products. The paper suggests that cost management, customized products, user-friendly services, digital infrastructure and cooperation between government and technology companies can help fintech contribute more effectively to financial inclusion.