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Informative Article | Finance | India | Volume 12 Issue 3, March 2023

Financial Inclusion: Exploring the Potential of Efficient Payment and Settlement Systems in India

Battula Vijay Kiran ^[4] | K T S S Satyanarayana | Addada Narasimha Rao ^[2]

Abstract: This paper explores the potential of payment and settlement systems for achieving financial inclusion in India. The study highlights the challenges faced by India in achieving financial inclusion and the role of payment and settlement systems in addressing these challenges. The paper examines the current state of payment and settlement systems in India and assesses the potential of emerging technologies such as mobile payments and digital currencies in improving financial inclusion. The observations suggest that payment and settlement systems have significant potential in promoting financial inclusion in India, but there is a need for a more comprehensive approach that addresses the technological, regulatory, and infrastructural challenges faced by the country.

Keywords: Financial System, Payment and Settlement systems, Financial Inclusion

Edition: Volume 12 Issue 3, March 2023,

Pages: 624 - 627