The Transformative Effect of Embedded Finance on Vulnerable Populations in the Gig Economy
DOI:
https://doi.org/10.17697/ibmrd/2025/v14i2/174490Keywords:
Embedded Finance, Gig Economy, Financial Inclusion, Platform Workers, Vulnerable Populations, Fintech, Digital Labor, Microcredit, Earned Wage Access, Platform Economy, Financial ResilienceAbstract
The gig economy in India has witnessed significant growth, providing flexible work opportunities to millions, particularly those from economically vulnerable backgrounds. This study explores the transformative impact of embedded finance on vulnerable gig workers in India using a secondary data approach. Drawing on government reports, industry white papers, academic literature, and international databases, the research examines the adoption, accessibility, and socio-economic implications of embedded financial tools such as digital wallets, microloans, insurance, and earned wage access. The findings suggest that while embedded finance holds promise for improving financial inclusion and resilience among platform-based workers, its benefits remain unevenly distributed due to challenges like digital illiteracy, regulatory ambiguities, and platform dependency.
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