Indian FinTech market is set to double to $2.4 billion in the next four years from $1.2 billion now
The Reserve Bank of India is in the process of setting up a multi-disciplinary committee to study the FinTech business in India, its executive director N.S. Vishwanathan said.
Speaking at the Nasscom India FinTech event in Mumbai, Mr. Vishwanathan said: “The committee would see what kind of FinTech business is happening in India, what kind should be ‘allowed to happen’ and how to create an ecosystem to ensure the ‘right kind’ of FinTech is promoted.”
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