MUMBAI, India, Sept. 10 -- Reserve Bank of India issued the following speech:

Good afternoon. I am delighted to be here at the Global Fintech Fest once again. Over the years, this platform has evolved beyond being an industry conference to a forum where policymakers, regulators, innovators, financial institutions, entrepreneurs and academia come together to exchange ideas that will shape the future of finance.

2. Let me begin by complimenting the organisers - the Payments Council of India, the National Payments Corporation of India, and the Fintech Convergence Council - for their tireless work in building this festival into what is today the world's largest gathering of its kind. RBI has been supporting this event, and it gives me immense...