Fintech players expect govt to opt for market-driven approach to pricing

To broaden the presence of digital payments and enhance volume of transactions, a high-level panel led by Infosys co-founder Nandan Nilekani has recommended reduction in costs

Fintech players expect the newly elected government to opt for a market driven approach to pricing, with a thrust on flexibility and timelines to implement the norms.

They feel that introduction of regulations like sandbox and a no-compromise approach towards safety will drive innovation and security in fintech space.

“It is our belief that the (new) government will take steps to further strengthen the fintech ecosystem in India. With the consumer in mind, the government should introduce regulations that are flexible in nature and benefit multiple stakeholders. The push towards more convenience, cost effectiveness and adoption of technology that make lives easier