IJARSCT ISSN (Online) 2581-9429 International Journal of Advanced Research in Science, Communication and Technology (IJARSCT) International Open-Access, Double-Blind, Peer-Reviewed, Refereed, Multidisciplinary Online Journal Volume 4, Issue 1, April 2024 Copyright to IJARSCT DOI: 10.48175/IJARSCT-16987 544 www.ijarsct.co.in Impact Factor: 7.53 How Digital Finance and Fintech Can Improve Financial Inclusion? Dr. Amardeep Bansidhar Bajpai Assistant Professor School of Commerce & Management Studies, Sandip University, Nashik, Maharashtra, India Abstract: Introduction: The research aims to discuss the effect of digital payments and financial solutions on improving financial inclusion in the present world. It has been observed that the significance of fintech solutions is increasing in the present so it helps improve financial inclusion. Literature Review: The fintech solution is considered significant for improving financial inclusion and it also faces challenges such as lack of expertise, lack of data security, and government interference. Methodology: The paper uses “primary quantitative data” to understand the improvement of financial inclusion using fintech solutions. It uses data from 55 users of fintech solutions gathered through survey questionnaires from the respondents of the research. Findings: The study found a positive and significant impact of fintech solutions and digital payment on financial inclusion. Discussion: The results of the research portrayed a positive impact of fintech solutions and digital payment on financial inclusion and no impact of technological advancement on financial inclusion. Conclusion: The research concluded that fintech solutions and digital payments are significant for financial inclusion. Keywords: Fintech Solutions, Digital Payments, Money Banking, E-Wallets, Data security I. INTRODUCTION Fintech companies help increase the competition within the industries and accelerate financial inclusion by reducing costs and improving access to financial services for individuals belonging to the groups earning lower income. It also involves individuals belonging to rural areas and other served regions of the economy (Zveryakov et al., 2019). The fintech often helps in financial inclusion by utilisation of AI which helps in analysing the risk of the clients with little to know history of credit by utilisation of factors such as income patterns and spending patterns of the individuals (Bömer, 2020). Digital platforms are often utilised for making transactions that help in yielding better benefits for financial inclusion that also help in providing access to additional services for finances which involves credit investment products, interest-bearing savings, and insurance. Technologies such as machine learning, cloud computing, blockchain technology, and artificial intelligence have helped banks and financial institutions to make use of automatic operations for making payments and making decisions based on the data achieved by these institutions. Financial inclusion is observed to increase with the use of fintech solutions across the world (Baber, 2020). The digital payments made by several individuals also helped in proving the government's finances. It also permitted the users of fintech solutions to consolidate their information regarding finance from several financial institutions and banks which helped in facilitating better financial planning and promoted transparency.