India's fintech sector received $6bn in investments over two years, with RBI Governor emphasizing the importance of fintech in transforming India's financial sector and calling for continuous innovation.

India's fintech sector has received $6bn in investments over the past two years, with over 11,000 fintech firms now operational. RBI Governor Shaktikanta Das emphasized the importance of fintech in transforming India's financial sector, and highlighted the need for deepening digital public infrastructure, including digital identity (Aadhaar), universal fast retail payments (UPI), and targeted payment solutions, to ensure financial inclusion. He also called for continuous innovation to stay competitive in the global financial landscape, with the RBI piloting Unified Lending Interface (ULI) as an example.

August 28, 2024
106 Articles

Further Reading