Affiliation:
1. Loyola Institute of Business Administration, India
Abstract
The potential of financial technology to foster sustainable social entrepreneurship in India and contribute to the attainment of the United Nations' sustainable development goals (SDGs) has become increasingly apparent with the technological advances of the past few decades revolutionizing the way we live, work, and communicate. India, despite its rapid economic growth, encounters notable obstacles in realising the SDGs, such as poverty, inequality, and environmental deterioration. Conventional financial institutions have not effectively addressed these concerns. This chapter analyses the influence of financial technology (FinTech) on financial inclusion, the emergence of digital payments, blockchain technology, and their potential to facilitate social entrepreneurship that can lead to favourable social and environmental outcomes. The chapter delineates the challenges and opportunities that the FinTech industry offers to social entrepreneurship in India.