This paper provides an insight into the increasing convergence between digital financial technologies (FinTech) and the gig economy in India, with a particular focus on the impact of digital wallet usage on the financial behavior of gig workers. By using empirical data gathered from a pilot survey of 120 gig workers operating within various online platforms in Indore, the study examines the role that digital payment mechanisms play in shaping their financial confidence, savings inclination, and use of credit. The regression results show that those who use digital wallets on a regular basis have a greater level of financial confidence and more savings discipline; however, they are also characterized by higher exposure to digital credit services. Such a combination indicates that FinTech not only helps in achieving financial empowerment but also makes individuals more susceptible to financial risks. The results obtained indicate the importance of developing balanced regulatory measures and financial education campaigns in order to capitalize on the inclusion opportunities offered by digital finance and avoid new risks associated with borrowing and information security.