The call for 'RegulateKaro' amid Paytm crisis in the fintech space
The Indian FinTech ecosystem, the third largest in the world, is expected to reach a market size of US$ 150 billion by 2025. Digital lending has become a US$ 270 billion market in 2022. However, recent years have seen an increase in financial fraud and irregularities, leading to a lack of trust in the sector. The RBI has implemented regulations and guidelines to address these concerns, including registration requirements for FinTech companies and enhanced data privacy measures.
Indian Fintech Banking Financial Company Fintech Companies Regulatory Organisation Information Technology Framework Paytm Payments Bank
Source: indiatimes.com