Economy
RBI tells fintechs: scale payments without weakening trust
RBI Deputy Governor Shirish Chandra Murmu urged fintechs to pair rapid innovation with resilience, accountability, security and inclusion.
What happened
Speaking at the Global FinTech Fest in Mumbai on September 11, 2026, RBI Deputy Governor Shirish Chandra Murmu said innovation must preserve financial stability, customer protection, security, transparency, accountability and fairness as digital finance expands.
Why it matters
For banks and fintechs, wider adoption brings greater responsibility: outages, cyber incidents and fraud can affect entire ecosystems. Trust-focused design, operational resilience, customer safeguards and regulated-lender accountability could become increasingly important as digital finance becomes essential infrastructure.
Source: RBI Speeches