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Building Digital Competency for Financial Inclusion: The Transformative Role of Fintech in Public Services

Building Digital Competency for Financial Inclusion: The Transformative Role of Fintech in Public Services
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Author(s): Akanksha Singh Fouzdar (GLA University, India)and Ankit Saxena (GLA University, India)
Copyright: 2025
Pages: 20
Source title: Digital Competency Development for Public Officials: Adapting New Technologies in Public Services
Source Author(s)/Editor(s): Ecem Buse Sevinç Çubuk (Aydin Adnan Menderes University, Turkey)
DOI: 10.4018/979-8-3693-6547-2.ch012

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Abstract

The rapid development of financial technology, or Fintech, has changed the delivery modes of financial services and ensured greater access to finance for the underserved and unserved. In this context, financial inclusion is a transformative agenda in bridging the gap between income disparities through accessible and affordable financial solutions. This chapter develops the critical juncture of digital competence with Fintech by providing analysis to how contactless payment technology, digital identification technology, and distributed ledger technology promotes greater public service. Discourses on new products, innovation, and services involving finance and financial services inclusion together with an overview on key skills and competencies from public officials that go through the effective implementation process using these technologies are put to discussion. It creates actionable knowledge about integrating Fintech into public service frameworks toward an inclusive vision of how everyone will benefit from finance in the future.

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