International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Volume 8 Issue 2
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Impact of FinTech-Enabled Transaction Volume on Financial Inclusion in India

Author(s) Dr. Pankaj Kumar Mahato
Country India
Abstract This research examines how FinTech-enabled transaction volumes drive financial inclusion in India. The study uses a quantitative regression model to analyze secondary data from the Pradhan Mantri Jan Dhan Yojana and digital payment platforms. It finds a strong relationship, with an R-squared value of 0.980. This indicates that 98% of the variation in banking adoption is explained by digital transaction activity. A significant p-value of 0.000149 further confirms that transaction velocity is a reliable predictor of financial participation.
The originality of this paper lies in its focus on transaction volumes as a primary driver for inclusion rather than simple account ownership. A key limitation is the reliance on secondary data, which may not capture individual barriers like digital literacy. The study suggests that policymakers should prioritize transaction-based incentives to deepen banking engagement. These results highlight the importance of digital public infrastructure in bridging the economic gap for underserved populations. By adopting a digital-first approach, India can ensure sustainable financial growth and more equitable access to formal services for all citizens.
Keywords FinTech, Financial Inclusion, Digital Payments, Pradhan Mantri Jan Dhan Yojana, Transaction Velocity
Field Mathematics > Economy / Commerce
Published In Volume 8, Issue 2, March-April 2026
Published On 2026-04-12
DOI https://doi.org/10.36948/ijfmr.2026.v08i02.74421
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