3 hrs ago
RBI Governor Calls Fintech Firms Key Partners for Inclusion
RBI Governor Sanjay Malhotra said fintech companies can help more people use financial services.
Fintech companies use technology to provide services such as payments and banking.
He said mobile phones and digital platforms are helping people access services without visiting bank branches.
The RBI wants these services to be affordable, safe and useful for customers.
It is also working with fintech firms to reduce digital fraud.
India now has about 57 crore Jan Dhan accounts.
Millions of people also use digital payments through UPI.
Malhotra said fintech companies must protect customers and earn their trust.
RBI Governor Sanjay Malhotra called fintech companies important partners in India’s financial ecosystem.
He said fintech collaboration can expand financial inclusion and lower the cost of financial services.
The RBI is working with fintech firms to improve access, reduce digital fraud and strengthen customer-focused services.
India has about 57 crore Jan Dhan accounts, 25 crore micro-insurance policies and 9 crore Atal Pension Yojana beneficiaries.
Malhotra urged fintech companies to prioritize cybersecurity, transparency and consumer protection as digital services expand.
- Who
- RBI Governor Sanjay Malhotra, the Reserve Bank of India and fintech companies.
- What
- The RBI is urging closer cooperation with fintech firms to expand financial inclusion, improve access and strengthen digital financial security.
- Where
- Mumbai, including remarks made on the sidelines of the Global Fintech Fest 2026.
- When
- At the Global Fintech Fest 2026; no specific date is provided.
- Why
- To make financial services more accessible and affordable, reduce digital fraud and ensure secure, customer-focused services.
Key facts
- Speaker
- Sanjay Malhotra, Governor of the Reserve Bank of India
- Event
- Global Fintech Fest 2026
- Jan Dhan accounts
- Around 57 crore
- Micro-insurance policies
- 25 crore
- Atal Pension Yojana beneficiaries
- 9 crore
- Key priorities
- Financial inclusion, customer-centricity and a secure digital financial system
- Fintech expectations
- Greater focus on cybersecurity, transparency and consumer protection
Quotes
Sanjay Malhotra
Reserve Bank of India Governor
“Technology can help take financial services beyond traditional banking channels and bring them closer to people in villages and households.”
thehansindia.com
“Financial inclusion, customer-centricity and the development of a secure digital financial system remain key priorities for the RBI.”
thehansindia.com
Sources
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