Banking 6.0: Exploring the Architectural and Regulatory Landscape of Metaverse Banking in the Indian Financial Sector

Lalita Malusare
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Lalita Malusare: Sangamner College Sangamner

African Journal of Commercial Studies, 2026, vol. 7, issue 2

Abstract: The metaverse represents a foundational shift in financial service delivery, transitioning the sector into the era of Banking 6.0. This research investigates the architectural requirements and regulatory constraints of metaverse banking within the Indian ecosystem. Utilizing a multi-methodological analysis, the study identifies blockchain, 5G, spatial computing, and AI as the critical technical pillars of this shift. Empirical data from 583 respondents, alongside case studies of early adopters like Union Bank of India, indicates that adoption is primarily driven by trust—mediated by structural assurance and self-efficacy—while traditional performance metrics show diminished relevance. The study further scrutinizes the legal implications of the DPDPA 2023, VDA taxation, and the e-Rupee. Findings suggest that while transformative, significant hurdles remain regarding hardware accessibility and virtual property rights. The report concludes with a strategic roadmap for hyper-personalized financial ecosystems powered by 6G and generative AI.

Keywords: Banking 6.0; Metaverse; India Stack; CBDC; e-Rupee; DPDPA 2023; Extended Reality (XR); Blockchain; UTAUT; Self-Efficacy; Virtual Digital Assets (VDA); Cybersecurity (search for similar items in EconPapers)
JEL-codes: G21 O31 O33 (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:cwk:ajocsk:2026-33

DOI: 10.59413/ajocs/v7.i2.15

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