Fintech Innovations and the Transformation of Rural Financial Ecosystems in India

Mohd Umar Farukh, Mohammad Taqi, Koteswara Rao Vemavarapu, Sayed M. Fadel, Nawab Ali Khan · 2025 · FinTech

Summary. Fintech companies in India are expanding financial inclusion by providing digital banking, micro-lending, mobile wallets, and UPI platforms to unbanked and underbanked populations, particularly in rural areas. The study finds that fintech innovations combined with strong regulatory frameworks and digital infrastructure drive inclusive growth more effectively in developing economies than in wealthy nations. Success requires coordinated improvements in cybersecurity, digital literacy, rural connectivity, and public-private partnerships.

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@article{farukh-2025-fintech-innovations-transformation-rural-financial,
  title   = {Fintech Innovations and the Transformation of Rural Financial Ecosystems in India},
  author  = {Mohd Umar Farukh and Mohammad Taqi and Koteswara Rao Vemavarapu and Sayed M. Fadel and Nawab Ali Khan},
  journal = {FinTech},
  year    = {2025},
  doi     = {10.3390/fintech5010003},
  url     = {https://doi.org/10.3390/fintech5010003}
}

TY  - JOUR
TI  - Fintech Innovations and the Transformation of Rural Financial Ecosystems in India
AU  - Mohd Umar Farukh
AU  - Mohammad Taqi
AU  - Koteswara Rao Vemavarapu
AU  - Sayed M. Fadel
AU  - Nawab Ali Khan
JO  - FinTech
PY  - 2025
DO  - 10.3390/fintech5010003
UR  - https://doi.org/10.3390/fintech5010003
ER  - 

Details

DOI

10.3390/fintech5010003

Countries

India

Regions

Asia

Categories

broadband-and-digital, funding, policy

Added

2026-04-28