Banking the Unbanked: The Fintech Revolution

Preeti Goyal () and Ahindra Chakrabarti ()
Additional contact information
Preeti Goyal: Great Lakes Institute of Management
Ahindra Chakrabarti: Great Lakes Institute of Management

A chapter in Intelligent Engineering and Management for Industry 4.0, 2022, pp 91-105 from Springer

Abstract: Abstract Globally, financial inclusion has been high on policymakers’ agenda. The large population in some of the developing countries makes the task increasingly difficult. The recent developments in financial technologies are likely to provide the much needed low cost, efficient, and effective financial services that have alluded the large unbanked population for many years. This chapter evaluates the relative performance of Indian states for a unique financial inclusion initiative by the government of India which utilizes no frill bank accounts, unique identity authentication and mobile technology. The results so far appear encouraging and efforts need to continue to reach the goal. The chapter concludes with the implications of the findings for government, policymakers, bankers, regulators, and mobile companies.

Keywords: Financial Inclusion; Jan Dhan; Aadhaar; Mobile telephony; JAM trinity; Developing country (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-94683-8_9

Ordering information: This item can be ordered from
http://www.springer.com/9783030946838

DOI: 10.1007/978-3-030-94683-8_9

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().