New Delhi, July 20 -- The government on Monday said it has strengthened the regulatory framework governing India's fintech ecosystem through a series of measures aimed at improving oversight of digital lending platforms, payment aggregators and consumer protection, while enhancing safeguards against cyber fraud.

In a written reply in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said the government has been "constantly engaging with the financial sector regulators and other concerned stakeholders to review the issues related to fintech ecosystem including digital lending platforms and payment aggregators in the country."

The minister said that based on these reviews, "various regulatory and supervisory interventions have...