Fintech Adoption and Literacy Among Chennai IT Professionals

Abstract

All of these tools facilitate quicker and safer transactions for those who typically lack good banking access. With 87% of the population using it, it has the third-largest fintech scene globally. That is significantly higher than the 64% global average. The widespread use of smartphones, the government's support for digital payments, and the regulations that keep things running smoothly are the main reasons for this growth. Many employees don't truly understand fintech, despite the fact that businesses are using it to stay competitive. This study examines corporate employees' awareness of fintech trends, the reasons behind their use of these tools, and the challenges they encounter. Additionally, it attempts to chart their economic and social backgrounds, level of familiarity with new technology, and frequency of use. These actions ought to facilitate people's work and help them become more proficient with fintech.