RBI suggests tax sops, self-regulation to build fintech space From suggesting tax rebates to merchants for adopting digital payments to light-touch regulations to help fintech innovations bloom and even suggestions around formation of a self-regulatory body of fintech companies, the Reserve Bank of India has come up with recommendations to strengthen the fintech space. In a report on fintech and digital banking, an inter-regulatory working group under the chairmanship of RBI executive director Sudarshan Sen, came up with suggestions for the government and regulators to help the fintech sector grow and contribute to improve financial services.For the fintech sector, RBI has identified technology startups working in the space of peer-to-peer lending, blockchain, big data, smart contracts, robo advisors and online aggregators. Highlighting how this sector has attracted huge interest from VCs and global investors the report states that investment in the fintech space grew to Rs 20