This interview features MobiKwik CEO Bipin Preet Singh discussing how India’s FinTech landscape is shifting from payments to sustainable, compliant credit ecosystems. He emphasises that innovation must align with the “spirit of regulation,” advocating proactive engagement with regulators and industry‑led SROs. With UPI now commoditised, Singh sees differentiation emerging through credit‑first products, embedded financial services, CBDC integration, and innovations like Pocket UPI and the F1rst RuPay credit card. MobiKwik’s pivot from BNPL to longer‑tenure EMI and secured lending reflects a risk‑balanced, regulation‑aligned strategy supported by co‑lending partnerships under FLDG norms. As the company scales toward its post‑IPO vision, its full‑stack platform—spanning payments, credit, savings, and merchant services—aims to drive responsible, profitable growth