Fintech

byPaytm Editorial TeamLast Updated: August 12, 2025

Definition

Fintech is short for Financial Technology. It refers to the use of technology to deliver financial services such as banking, lending, insurance, payments, and investing in a faster, easier, and more efficient way.

Key Features

  • Mobile banking, UPI, and digital loans
  • AI-powered credit scoring and fraud detection
  • User-friendly apps and platforms
  • Drives financial inclusion and innovation

Fintech simplifies access to financial tools for both individuals and businesses.

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