Role Of Fintech In Cashless Economy In Banking And Financial Industry
Dr. C. Thirumal Azhagan, V.S. Varna
Abstract Read full article here
This study focus on the crucial role of Financial Technology (FinTech) to revolutionize the cashless economy of the banking industry in Tamil Nadu. Mobile banking applications, online payment systems, and e-wallets have gained mass popularity, and FinTech has become the driving force for revamping the face of traditional banking operations. This research examines how FinTech innovations have impacted customer behavior, promoted financial inclusion, and enabled the efficiency of transactions in urban and rural Tamil Nadu. Drawing on case studies, stakeholder interviews, and data analysis, the research examines the advantages, disadvantages, and regulatory implications of bank-injecting FinTech. It emphasizes the roles that FinTech can play in economic modernization and proposes the ways through which it can be sustained in developing a sustainable cashless economy.
Keywords: FinTech, Digital Payments, Banking Innovation, Electronic Transactions, Financial Inclusion, Cashless Transactions.
