| Popis: |
In the recent decade, India's financial inclusion journey has been amazing, and the government of India has actively encouraged it through the Digital India Movement and the Pradhan Mantri Jan Dhan Yojana. Poverty reduction and tackling the issues of securing a stable income could be crucial in achieving an inclusive society. Information and communication technology is gradually gaining access to the unbanked people and assisting in their integration into the financial sector. Digital technologies are promoting adoption and improving the standard of living for citizens. In this research paper, discussion with respect to the progress that has been made in the field of financial inclusion so far, as well as what lies ahead and how we can use and benefit from digital technology to create a more inclusive society. As a result of digitalization, organizations are being compelled to continuously review and innovate their business models. Particularly in the area of digital innovation, the financial services industry is undergoing significant change. Fintechs (financial technology startups) are known as a driver of these shifts since they produce novel technology-based solutions with user-centered methods to fulfil rising client expectations. Experts also believe that blockchain technology, as an emergent disintermediating digital innovation, will have a significant impact on the financial services industry. Fintechs and blockchain present incumbent enterprises with not only dangers and sources of disruption, but also opportunities for collaboration and innovation. The various challenges that still stand in the way of creating an inclusive society are described in this article. The importance of cooperation and openness among all significant stakeholders is emphasized in our recommendations for addressing the pressing issues and creating an inclusive workplace |
