Financial technology evolution has changed the way people use and interrelate with financial services. With the starting of electronic payment systems, introduction of digital ecosystem like mobile payments, computerized banking, online loans, AI, blockchain and data-driven financial services have grown. Fintech is the important tool for financial inclusion because of digital platforms which reduces transaction costs, solve geographical problems and accesssible to people who have been untouched by formal financial institutions. But, technology cannot only guarantee financial inclusion, due to poor internet access, costly devices, lack of digital skills, financial knowledge or raising security and privacy. Issues. This paper examines the evolution of fintech and studies the formal conditions that impact its contribution to financial inclusion. As per the literature review, The paper concludes that fintech creates opportunities for financial inclusion, but strong and responsive institutions are necessary to ensure that these opportunities are widely and fairly shared.
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