Increasing Digital Banking Adoption and Usage Trends in India and its Impact on Financial Inclusion

Abstract

Financial Inclusion in India is growing with adaptation of increasing Digital Banking Trends with more Fintech players entering into the market. With more disruptive technologies and intervention with help of internet and mobile banking, adaptation and usage of electronic banking in rural and semi rural areas is also reflecting increasing trends. This reflects that more households are provided with affordable banking services including savings accounts, loans, pension and Rupay Debit Cards for the day to day retail transactions. This paper focuses on recent trends of digitalisation and analyzes the sustainability impact on increased and advanced Financial Inclusion in India.