Tighter regulations are for the greater good of fintech ecosystem, not obstacles, say industry leaders

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India’s fintech sector has been bearing the brunt of strict regulations by the RBI, which has also led to investors losing confidence in the startups. However, industry leaders believe these regulations will only make the ecosystem stronger.

  • 25 June, 2024
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The fintech sector in India has been facing a decline in funding since last year, majorly owing to tighter regulations by the government. Scaling up is now coming at a cost for many firms in this segment. However, industry leaders and experts believe that it’s important for the regulator to do its job and the tightening of regulations is for the greater good. These regulations should be looked at as an enabling tool over obstacles.

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https://economictimes.indiatimes.com/small-biz/sme-sector/tighter-regulations-are-for-the-greater-good-of-fintech-ecosystem-not-obstacles-say-industry-leaders/articleshow/111248056.cms