Abstract

Fintech is an abbreviation for “Financial Technology”. It imparts alternate solutions for Banking and non-Banking financial services. Fintech is rapid growing concept in the financial sector. The economic growth and welfare of any nation depends upon the peoples’ reachability towards their financial product and services offered by them. The study of this paper explains the evolution of the fintech industries and current use of financial technology in the Indian Rural Financial Systems and Services. The term fintech provides digital transaction more secure and easily understandable for the user. Fintech Services reduce the operational cost and it is very user friendly. Fintech services in Indian scenario are the fastest growing in the world and are working as a game changer for the habits and behavior of the Indian financial systems.

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