Archive · 12 Sep 2026
RBI Unveils Fintech Initiatives for India’s Digital Finance Next Phase
India is trying to make digital financial services easier and safer for more people.
The Reserve Bank of India announced several new projects at the Global Fintech Fest 2026.
These projects use technologies such as artificial intelligence, tokenisation and quantum computing.
One project will test corporate bonds in tokenised form.
Another project is an Android-based ATM that can issue RuPay cards and UPI QR codes.
Some government-backed credit schemes can now use Credit Line on UPI.
A new payment system will also allow three-party cash deposits through Aadhaar-enabled payments.
The RBI says these efforts should help villages and underserved communities access financial services while reducing fraud and costs.
The Reserve Bank of India said India is entering a new phase of its digital financial journey.
RBI Governor Sanjay Malhotra launched initiatives at the Global Fintech Fest 2026.
India’s first tokenised corporate bond pilot was introduced for securities and asset settlement.
An open-source Android ATM will support instant RuPay card and merchant UPI QR issuance.
Credit Line on UPI and Aadhaar Enabled Payment System three-party cash deposits were also introduced.
- Who
- The Reserve Bank of India, Governor Sanjay Malhotra, fintech companies, banks and financial institutions.
- What
- New fintech initiatives were launched to expand digital payments, financial access and secure technology adoption.
- When
- At the Global Fintech Fest 2026; the article does not provide a specific calendar date.
- Where
- At the Global Fintech Fest 2026; a specific venue is not stated.
- Why
- To build a secure, inclusive and connected financial ecosystem, improve access, reduce fraud and lower banking costs.
- Organiser
- Reserve Bank of India
- Event
- Global Fintech Fest 2026
- Governor
- Sanjay Malhotra
- Bond pilot
- India’s first tokenised corporate bond pilot
- ATM initiative
- An open-source Android ATM for instant RuPay card and merchant UPI QR issuance
- Other payment initiatives
- Credit Line on UPI for select government-backed credit schemes and Aadhaar Enabled Payment System three-party cash deposits