RBI Governor Shaktikanta Das Highlights India’s Fintech Leadership and Future Innovation at GFF 2024

At the Global Fintech Fest 2024, RBI Governor Shaktikanta Das underscored India’s growing influence in financial technology and the necessity of future-ready innovation. Addressing the need to integrate financial services into the lives of India’s 1.4 billion citizens, Das commended the country’s advancements in digital payments. He highlighted successful initiatives such as UPI and DigiLocker, which have significantly boosted financial inclusion and operational efficiency.

Das emphasized that the Reserve Bank of India’s regulatory frameworks have fostered innovation while maintaining prudence. He noted the critical role of collaboration among regulators, policymakers, and fintech innovators in steering India toward its goal of becoming a global fintech leader by 2047. The ongoing efforts in regulatory support and technological progress are pivotal to sustaining India’s leadership in the fintech sector.