Fintech sector must focus on financial education and consumer protection, says DFS Secretary

Department of Financial Services Secretary M Nagaraju has called upon India’s FinTech sector to prioritise financial education and consumer protection as the country continues its digital transformation journey.

Speaking at the CII Financial Inclusion and FinTech Summit, Nagaraju highlighted that FinTech companies have a tremendous opportunity to educate millions of Indians about financial services, noting that a large number of people fall victim to cyber frauds due to a lack of financial awareness.

“You bring to bear your tools of innovation, and…