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At $200 billion, India's fintech sector to contribute to 13% of global revenue by 2030: RBI Governor
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Digital payment transactions in India is more than the other four leading countries combined. In digital payments, India has been witnessing new milestones, in both value and volume terms, which indicate the robustness of India's payment ecosystem and acceptance, as per RBI experts.
The RBI Governor also urged fintech players to form a self-regulatory organisation at the earliest, while addressing the fintech fest. Additionally, the central bank is planning to test some more use cases in the wholesale pilot of central bank digital currency (CBDC), according to Das.
"Now we are planning to test some more use cases in wholesale pilot of CBDCs,'' said the RBI Governor. He added that CBDCs need to be introduced in a non-disruptive manner.
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