Mumbai, Oct. 13 -- Reserve Bank Governor Sanjay Malhotra speaking at the annual Global Fintech Fest said that fintechs can bridge the digital divide, foster healthy competition, and drive innovation. We stand at an important juncture in our digital finance journey, he stated. The past decade has demonstrated how technology can expand access and empower businesses. The next phase must build on this strong foundation, while keeping trust and stability at its central theme. The role of FinTechs in this next phase will be even more crucial, he added. FinTechs can be the architects who design and construct digital highways and also the products and services on this digital highway that generate social and economic value, the governor noted.

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