Digital Payments played an important role in PM Garib Kalyan Yojna

New Delhi, July 31, 2020: The Prime Minister’s dream of Atmanirbhar Bharat can be fulfilled by Fintech said Chief Guest Union Minister Sanjay Dhotre today at the CII Conference on Cashless and Digital economy.
He opined that Fintech should focus for long term and future considering finance should reach each and every person of India through technology and inclusion to be made priority.
He emphasize on making financial transaction simple and easy going.
He said that during COVID 19, Digital Payments played an instrumental role during this pandemic and cash transfer under PM Garib Kalyan scheme was possible due to digital payment infra.
In his Keynote Address, Abhimanyu Munjal, Deputy Chairman, CII (Northern Region) and Joint Managing Director & CEO, Hero FinCorp Ltd said that digital economy is the most important gateway for innovation, competitiveness and growth in the country.
He added that the world is very dynamic and is continuously changing today and one of the fundamental drivers of change is digital transformation.
In his welcome address, Ashutosh Chadha, Mastercard said that true Digital inclusion will only be seen if every single citizen merchant and establishment is seamlessly able to adopt to digital commerce.
This requires creating a safe secure payment ecosystem, providing users with multiple interoperable solutions and ensuring there is no concentration risk said by Chadha.
Rishi Mohan Bhatnagar, President, Aeris Communications said that empowering Rural India with digital payments models will drive huge transparency in financial transactions, help in curtailing parallel economy and greatly improve ease of business.
Indian FinTech’s have a huge role to play here he added.
In his theme address, Abhishant Pant, Founder, The Fintech Meetup said that India is one of the youngest countries in the world. He said that India is a dominant player in Fintech startup category and it is important that this lead is further accelerated.
Anirban Mukherjee, Chief Executive Officer, PayU India said India has a domestically developed payments infrastructure that is world class and we are hoping to further develop it together with our ecosystem partners.
Ravi Rajagopalan, Empays Payment Systems India said that COVID 19 has changed the world.

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