New Delhi, March 6 -- Reserve Bank of India (RBI) Governor Sanjay Malhotra met with representatives from fintech firms, payment system operators, industry associations, and self-regulatory organisations, emphasising the importance of responsible innovation and regulatory compliance, particularly for entities new to the regulatory framework.

The central bank described this interaction as part of its ongoing series of engagements with the payments and fintech ecosystem.

During the meeting, Governor Malhotra acknowledged the significant contributions of fintech players to India's financial sector and broader economy, specifically recognising the role of payment system firms, account aggregators, and digital lending service providers.

He r...