The rapid growth of India’s fintech sector has brought both opportunities and challenges, necessitating a careful examination of policy approaches to foster a vibrant and competitive ecosystem. This virtual roundtable discussion will explore the current policy landscape, characterised by graded classifications and obligations, and the possible alternative approaches to support startups in the fintech landscape to promote competition. Given the complex interplay of regulation, innovation, and market dynamics, there is a pressing need for informed discussion and discourse on how to evolve the existing approach. Through this roundtable discussion, we aim to promote dialogue to strike the right balance between oversight and fostering a thriving fintech ecosystem that can drive India’s digital financial future.