India's digital public infra solutions can improve lives globally: Modi


New Delhi, Dec 3 : Prime Minister Narendra Modi on Friday said India's digital public infrastructure solutions can improve the lives of citizens around the world. Speaking at the InFinity Forum organised by Bloomberg and IFSCA, he said via video link: "We believe in sharing our experiences and expertise with the world and learning from them as well." "Tools like 'UPI' and 'RuPay' provide an unparalleled opportunity for every country. An opportunity to provide a low cost and reliable 'real time payment system' as well as a 'domestic card scheme' and 'fund remittance system'." According to the Prime Minister, India has proved to the world that it is second to none when it comes to adopting technology or innovating around it. "Transformational initiatives under Digital India have opened doors for innovative Fintech solutions to be applied in governance.a PM Modi cited successes achieved with 'Jan Dhan' Accounts, 'Rupay', 'FastTag', and other such initiatives taken by the Centre. He mentioned that last year, in India, mobile payments exceeded ATM cash withdrawals for the first time. The Prime Minister said that fully digital banks, without any physical branch offices, are already a reality and may become commonplace in less than a decade. Besides, he said the time has come to convert these "FinTech initiatives into a FinTech revolution". "A revolution that helps to achieve financial empowerment of every single citizen of the country." Furthermore, he emphasised on FinTech security. "Common Indian has shown immense trust in our FinTech ecosystem by embracing digital payments and such technologies," he said. "This trust is a responsibility. Trust means that you need to ensure that the interests of the people are secured." In addition, PM Modi said that finance combined with technology would be an important part of India's future development. "Our aim is to provide the best international financial services not just for Indians, but for the world," he added. /IANS


Airtel broadband suffers major outage in India
Airtel broadband services on Friday night suffered a major outage as users were unable to access internet on both mobile and desktop. According to

Nvidia fined $5.5 mn over crypto mining disclosures in US
US-based chipmaker Nvidia will reportedly pay $5.5 million to settle charges that it unlawfully obscured how many of its graphics cards were sold to c

As Covid cases rise, Cummins reminds front-line workers in India of their responsibility
Australian Test skipper and KKR's strike bowler Pat Cummins has asked the Indians to redouble their efforts to fight Covid-19 as numbers continue to g