While several initiatives originated from the industry, the government and the regulators have created an enabling ecosystem to promote the FinTech sector.
Initiatives like Startup India, Digital India, India Stack, Account Aggregators, Peer to Peer (P2P) lending platforms and 24x7 digital payment systems have proved to be 5 NPCI website  6 Reserve Bank of India - Payment System Indicators (July 2022)  3  key enablers. The Fintech ecosystem in India has indeed evolved and is poised for a giant leap. 10.