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Governor Malhotra’s Fintech Call: Inclusion, DPI and Tokenization

9 October 20251 min read
BANKING & FINANCEGovernorMalhotra’s FintechCall: Inclusion, DPIand Tokenization9 October 2025safalsetu.com

Why in the news

At Global Fintech Fest 2025, RBI Governor Sanjay Malhotra asked fintechs to design simple, inclusive and innovative products, especially for underserved groups.

Key facts

  • Inclusion: easy, assistive products for seniors, people with limited digital literacy and the specially-abled.
  • DPI: Aadhaar identity, UPI and digitised government data help fintechs scale.
  • Data-driven growth: via CBDC frameworks, asset tokenization and the account aggregator framework; RBI is setting standards on onboarding, data security and consent management.

Unified Markets Interface

  • UMI can tokenize financial assets and enable settlement through wholesale CBDC.
  • Early pilots on short-term securities tokenization showed promise; gains expected in access, transparency and settlement efficiency.

AI

AI will be built into DPI layers for better user experience and conversational payments.

Exam angle

  • Term: UMI.

Test yourself

1. Which concept did RBI conceptualise to tokenize financial assets and settle through wholesale CBDC?

The Unified Markets Interface (UMI) tokenizes assets and enables wholesale CBDC settlement.

2. Whom did RBI Governor Sanjay Malhotra ask to design inclusive financial products at Global Fintech Fest 2025?

He called on Indian fintechs to build inclusive, accessible products.

3. Which of these was named among public infrastructure fintechs can use to scale?

Aadhaar-based identity, UPI and digitised government data were named.

This topic is part of Daily Current Affairs 9 October 2025 (15 topics).

All topics of the dayDay quizOctober 2025

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