Fintech sector attracted about USD 6 billion in investments in last two years, says RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday announced that the Fintech sector has attracted approximately USD 6 billion in investments over the past two years. Speaking at the Global Fintech Fest 2024, Das emphasised the rapid growth and evolving significance of the Fintech industry in India’s financial ecosystem. Das highlighted how the substantial inflow of capital signifies the sector's potential and its pivotal role in driving innovation within the country's financial services. He noted that these investments reflect growing confidence in India's Fintech sector, which has seen remarkable advancements in areas such as digital payments, lending, and financial inclusion.