FM asks fintechs for solutions to digital arrests, cyber frauds

Finance Minister Nirmala Sitharaman on Wednesday asked fintech startups to come out with solutions to deal with the rising incidence of digital arrests, cheating by fly-by-night operators, and other kinds of cyber frauds.

Speaking at a private event, the minister credited fintechs with helping speed up financial inclusion and taking the payment system to even the far-flung areas of the country.