RBI fintech rules vital, according to Razorpay COO

TLDR:

• Fintech industry regulations by RBI have enabled India to become a global benchmark.
• Razorpay COO, Rahul Kothari, believes that regulations play a crucial role in driving financial inclusion.

Rahul Kothari, Chief Operating Officer at Razorpay, highlighted the importance of fintech regulations by the Reserve Bank of India (RBI) in driving financial inclusion and co-creating financial literacy. Recently, Finance Minister Nirmala Sitharaman met with fintech companies and start-ups to address their issues and promote open dialogue. Razorpay, a Bengaluru-based fintech firm, has launched new products and initiated the process of relocating its domicile to India. The company is also planning to go for an Initial Public Offering (IPO) in the next two years. Additionally, Razorpay is expanding globally, with Malaysia being its first step in international expansion. The company aims to become a one-stop platform for all money movement needs of businesses in India and Southeast Asia, making a significant impact in the fintech landscape.