From CBDC, UPI ATM to Payments SRO: RBI lays out route map for fintech industry

The Reserve Bank of India (RBI) wants self-regulatory organisations (SROs) to play a critical role in ensuring consumer interest is protected and the nascent fintech industry grows in a responsible fashion. Addressing the gathering of the industry at the Global Fintech Fest today, RBI Deputy Governor T Rabi Sankar pointed out that the regulator will set up another SRO for the payments industry.