The Draft Policy, issued by the Department for Promotion of Industry and Internal Trade in February, is a welcome step for India and globally, but its all-inclusive definition of a fast, click-and-buy world requires some refining: is it intended to be an internet policy or a specific e-Commerce policy?
Senior Researcher, International Law
Ambika Khanna was earlier part of the corporate law practice (M&A and general corporate) at top-tier law firms, such as AZB & Partners, Bombay, and Dua Associates, Advocates & Solicitors, Delhi. She has also worked with Chase India, a public policy consultancy, and been an independent legal consultant when she advised startups and individuals on various aspects of corporate law, including investments and real estate matters. She has a B.A. LL.B. (Hons.) degree from Guru Gobind Singh Indraprastha University, Delhi. She also holds diplomas in corporate finance, securities law and cyber law from the Asian School of Cyber Laws. During her years at law school, she interned with top-tier law firms, such as Khaitan & Co., Amarchand Mangaldas, Economic Laws Practice, JSA, Trilegal, Dua Associates and Vaish Associates, Advocates.
Fintech refers to a service or product which cuts across technology and finance. Covering everything from blockchain/cryptocurrency and Artificial Intelligence to data and the Internet-of-Things, it is becoming integral to India’s development agenda. This table sets out the various constituents of fintech and the regulations governing them