India: FinTech

The RBI has released the Draft Master Direction on Prepaid Payment Instruments (2026 Draft), with comments invited until 22 May 2026.

India's digital ecosystem is undergoing significant regulatory transformation as government agencies issue new guidelines on AI governance, cybersecurity, online gaming, and digital payments.

India's digital payments story has been extraordinary. In two decades, India moved from RTGS and paper cheques to Unified Payments Interface processing nearly half of the world's real-time transactions.

Mr. Mell Carvill, Non-Executive Director, PPF Group, observed that regulation is the cornerstone of digital lending and if digital lending is to be used well, it can lead to financial literacy of the entire generation of the working population.

Mr. US Paliwal, Former Executive Director, Reserve Bank of India discussed.

The goal of every KYC regime is to strike a delicate balance: service providers must have enough information to mitigate fraud, but not so much that user privacy becomes collateral damage.

In just a few years, India has rewritten the global script on digital finance. We now see over 20 billion transactions monthly through Unified Payments Interface (UPI), a figure that has turned scanning...

On December 8, 2025, the International Financial Services Centres Authority (IFSCA) issued a circular amending Module No. 16 (Providing Credit)...

In this episode of the IndiaLaw LLP Podcast, Uditi Singh unpacks the Reserve Bank of India's landmark regulatory consolidation announced on November 28, 2025.