The Fin Tech firms in India took a major leap in the post demonetization period and evinced a great degree of agility in the sphere of retail payments. There is hardly any smart phone without a digital wallet or a payment app easing the retail payments and other digital transactions like peer to peer transfers and e Commerce credits, which are required to comply with the regulations stipulated by the Reserve Bank of India and such other regulatory agencies. Indeed, the regulation of Fin Tech firms came to fore when the subprime crisis out broke in US during the year 2008, and induced the central bankers to design regulatory framework, but Fin Tech is the most dynamic sector wherein disruptive cycle moves at a faster rate with new innovations and occasions the firms to comply with the statutory requirements at every stage for which Reg Tech or Regulatory Technology has become a credible raft. The Reg Tech is still at nascent stage reined by very few firms operating with highly customised sand boxes which are not in the cognitive purview of wide range of stakeholders. Therefore, there is a dire need to dwell into the brass tacks of Reg Tech, it is with this backdrop a paper titled “Role of Reg Tech in Meeting the Compliance Requirements of Digital Wallets: A Study on Google Pay” is proposed with the twin objectives of understanding the role of Reg Tech in compliance management and assessing the perceptions of stakeholders on the merits and demerits of Reg Tech.

Keywords: Reg Tech, Fin Tech, Compliance, Cloud Computing, Ledger Technology, Black Chain.