Digital Economy and FinTech in Facilitating Financial Inclusion in Rural India

Purpose: This research focuses on to identify the role of Fintech in digital economy and financial inclusion in India. The descriptive and exploratory research design were used in the study to frame out the structured questionnaire to collect the primary responses from rural areas of different cities of Delhi-NCR and UP West. There were total 530 responses finalized for the analysis purpose. The higher order structural equation modelling was performed to test the hypotheses and validate the measurement model. The findings of the research explain the mediating role of fintech in digital economy and financial inclusion. The mediating effect of fintech and total effect of each variable on other variable were found significant. This study concludes the role of technology in finance is required and significant in order to enhance the financial inclusion in the country. Policy makers and industrialist can make the policies to upliftment of Fintech for the exponential growth of digital economy on financial inclusion. This study is helpful to make various decisions for financial industry and helps in growing the technology and digital economy in the country.