Emerging Trends in Adoption of FinTech Solutions in the SME Sector Focusing on Pune District

Exploring the Impact of Financial Technology on Growth, Efficiency, and Inclusion in Small and Medium Enterprises in Pune District.

Authors

  • Rahul Mishra Author

Keywords:

FinTech Adoption, SMEs in Pune District, Digital Payments, Online Lending Platforms, Financial Inclusion, Operational Efficiency, Economic Growth, Regional Innovation, Technological Integration

Abstract

The adoption of financial technology (FinTech) solutions is revolutionizing the operations of Small and Medium Enterprises (SMEs), offering innovative tools for digital payments, lending, and financial management. This study focuses on the SME sector in Pune district, examining the extent of FinTech adoption and its impact on operational efficiency, financial inclusion, and business growth. Using a combination of quantitative surveys and qualitative interviews with SME owners and FinTech providers, the research identifies key drivers such as ease of access, cost-effectiveness, and technological advancements. It also highlights barriers including limited awareness, cybersecurity concerns, and regulatory challenges. The findings underscore the transformative potential of FinTech in enhancing SME competitiveness while providing actionable recommendations for stakeholders to address adoption gaps. This study contributes to the growing body of knowledge on the role of FinTech in fostering regional economic development.

References

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Innovations in Finance and Economic Studies

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Published

— Updated on 2025-01-04

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Data Availability Statement

The data supporting the findings of this study are available upon reasonable request from the corresponding author. Due to privacy and confidentiality agreements, certain data sets related to SME financial records and proprietary business information may be restricted.

Issue

Vol. 1 No. 01 (2025): Innovations in Finance and Economic Studies

Section

Research Articles

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Copyright (c) 2025 Rahul Mishra (Author)

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How to Cite

Emerging Trends in Adoption of FinTech Solutions in the SME Sector Focusing on Pune District: Exploring the Impact of Financial Technology on Growth, Efficiency, and Inclusion in Small and Medium Enterprises in Pune District. (2025). Innovations in Finance and Economic Studies, 1(01), 3-11. https://jr.vexido.com/ifes/article/view/3