Summary India's fintech sector is undergoing a significant transformation, emerging as a global leader in financial technology innovation while notably navigating its growth without the mainstream adoption of cryptocurrencies. The evolution of fintech in India has been driven by a combination of robust regulatory frameworks, government initiatives like Digital India and the Unified Payments Interface (UPI), and a commitment to financial inclusion, making financial services more accessible to millions of citizens. [1] [2] [3] This unique trajectory has positioned India as a model for developing nations, showcasing how a nation can embrace digital finance while maintaining a cautious approach to cryptocurrency regulation. Despite its successes, the Indian fintech landscape faces challenges, particularly regarding the lack of clear regulations surrounding cryptocurrencies. While the Reserve Bank of India (RBI) has recognized the potential of blockchain technology , legislative effo...