• Rashmi Shri R S

This study examines the legal framework and regulatory landscape of the burgeoning fintech sector in India. Fintech, encompassing a wide range of technologies from mobile payments to AI-powered lending, is revolutionizing financial services. India has emerged as a significant hub for fintech innovation, driven by factors such as a large and growing digital population, government initiatives, and a supportive ecosystem. The study explores the key regulatory bodies, including the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and Insurance Regulatory and Development Authority of India (IRDAI), and their respective roles in overseeing fintech activities. It analyzes key legislations such as the Payment and Settlement Systems Act, 2007, the Information Technology Act, 2000, and the Prevention of Money Laundering Act, 2002, which shape the regulatory landscape. Furthermore, the study identifies key challenges faced by the fintech sector in India, including regulatory complexities, cybersecurity threats, and the need to build trust with consumers. Despite these challenges, the Indian fintech sector holds immense potential to drive financial inclusion, enhance efficiency, and contribute to economic growth.

Legal Framework and Regulation of Fintech

"A STUDY ON LEGAL FRAMEWORK AND REGULATION OF FINTECH IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 2, page no.g402-g407, February-2025, Available :http://www.jetir.org/papers/JETIR2502644.pdf

"A STUDY ON LEGAL FRAMEWORK AND REGULATION OF FINTECH IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 2, page no. ppg402-g407, February-2025, Available at : http://www.jetir.org/papers/JETIR2502644.pdf