The Role of Financial Technology (FinTech) in Advancing Financial Inclusion and Equity.

The swift emergence of financial technology (FinTech) has changed the way people and the community receive and use financial services, especially in low-income and underserved areas. The paper is an analysis of how digital banking, mobile payment, and blockchain-based systems can support financial inclusion and equity. It discusses the contribution of these technological changes to wider access to credit, lower transaction costs as well as, inclusive economic growth. The study data is based on a descriptive-correlational research design, which combines secondary data gathered by international financial databases and available existing empirical studies to evaluate how the use of FinTech affects the accessibility of credit and reduction of poverty. Results indicate that mobile payment systems and online banking are greatly contributing to access to affordable financial services, particularly on marginalized groups. In addition, blockchain technologies increase the transparency and trust related to financial operations and make it possible to engage more people in formal financial systems. The paper highlights regulatory frameworks, digital infrastructure and financial literacy as key to the optimal use of FinTech. It concludes that a high rate of strategic adoption of FinTech can hasten the process of achieving inclusive economic growth and poverty reduction, which are in line with worldwide sustainability objectives.

10.47772/IJRISS.2025.910000473

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