Opinion | The challenges for fintech adoption in India
Policy confusion is understandable in an emerging sector but getting the policymaking architecture right is important
Fintech means a great many things to a great many people. In such a broad, fast-moving space, risk and uncertainty are par for the course. Late last week, the International Monetary Fund and World Bank attempted to create a framework within which the tradeoffs between risk and potential should be made. The Bali Fintech Agenda lays the bromides on thick. Embrace the promise of fintech and use fintech to enhance financial inclusion? Well, yes. But among its 12 points are a few that speak directly to some of the challenges India is facing in fintech adoption.