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

RBI Dy Governor T Rabi Sankar expects SROs to help reduce potential risks, identify inefficiencies in the financial services system and work with the industry to sort them out in a way that consumer interest is protected even as the industry grows. Also, the regulator is looking to update the Payment and Settlement Systems Act.
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