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Press releaseRBIThursday, 10 September 2026

Recognition of Self-Regulatory Organisation in the FinTech Sector (SRO-FT)

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Official press release — a government communication announcing decisions, milestones, or initiatives. Signals intent and often precedes formal notification or legislative action.
Summary
The Reserve Bank had recognised FinTech Association for Consumer Empowerment (FACE) as the first Self-Regulatory Organisation in the FinTech Sector (SRO-FT), vide Press Release dated August 28, 2024. 2. RBI has since received an application from the Unified Fintech Forum (UFF) seeking recognition as SRO-FT. The application was examined against the requirements of the Framework, and it has been decided to accord recognition to the UFF (CIN No. U91990KA2016NPL096977) as SRO-FT. (Brij Raj) &nb
Key Facts
TypePress release
SourceReserve Bank of India
PublishedThursday, 10 September 2026
Affected Population~850 million internet users, 75,000+ startups
Key Numbers
Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
GDP: $3.9 trillion (2025 est.)
Key Authorities
Ministry of Electronics & ITTRAICERT-InMinistry of FinanceRBI
Key Stakeholders
Internet UsersTech CompaniesStartupsTaxpayersBanks & NBFCsInvestors
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Explore Sectors
Digital & Technology285 tracked→Finance & Economy671 tracked→Energy109 tracked→
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