Over the years, the Indian government, public sector and private firms have helped digital payments gain traction in the country. There has been an accelerated financial inclusion with more and more people being covered under the Indian banking system. Government initiatives such as Jan Dhan Yojana, Aadhaar and Mobile number – also called the JAM Trinity have further expanded the ambit of financial security. Clearly, the next step in the journey of financial inclusion is to accelerate the permeation of digital tools to the nation’s grassroots.
In this episode of Mastercard Presents Times Network Living Room Conclave, industry leaders shed light on how India can help the unbanked population by developing a robust digital ecosystem for the last mile.
Spearheading the panel discussion, Mihir Bhatt – Vice President & Executive Editor, Times Network spoke with Nikhil Sahni – Division President, South Asia, Mastercard; Ashutosh Khajuria – Executive Director, Federal Bank and Brinda Jagirdar – Senior Economist, on a host of pertinent subjects such as India’s progress in banking the unbanked, digital payment ecosystem in India, cybersecurity, dissemination of information about digital banking, etc.
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