• About
  • Advertise
  • Jobs
Friday, September 22, 2023
No Result
View All Result
KashmirPEN
  • Home
  • Latest NewsLive
  • State News
  • COVID-19
  • Kashmir
  • National
  • International
  • Education
  • Sports
  • Entertainment
  • Technology
  • Weekly
    • Perception
    • Perspective
    • Narrative
    • Concern
    • Nostalgia
    • Tribute
    • Viewpoint
    • Outlook
    • Opinion
    • Sufi Saints of Kashmir
    • Personality
    • Musing
    • Society
    • Editorial
    • Analysis
    • Culture
    • Cover Story
    • Book Review
    • Heritage
    • Art & Poetry
  • Home
  • Latest NewsLive
  • State News
  • COVID-19
  • Kashmir
  • National
  • International
  • Education
  • Sports
  • Entertainment
  • Technology
  • Weekly
    • Perception
    • Perspective
    • Narrative
    • Concern
    • Nostalgia
    • Tribute
    • Viewpoint
    • Outlook
    • Opinion
    • Sufi Saints of Kashmir
    • Personality
    • Musing
    • Society
    • Editorial
    • Analysis
    • Culture
    • Cover Story
    • Book Review
    • Heritage
    • Art & Poetry
KashmirPEN
No Result
View All Result
ADVERTISEMENT
Home Latest News

Digital payments ecosystem transformed governance, financial inclusion in India: PM Modi

Kashmir Pen by Kashmir Pen
7 months ago
in Latest News, National
Reading Time: 2 mins read
Digital payments ecosystem transformed governance, financial inclusion in India: PM Modi
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Prime Minister Narendra Modi on Friday said India’s digital payments ecosystem has radically transformed governance, financial inclusion and ease of living in the country.

With the aim to foster global economic cooperation, the first G20 Finance Minister and Central Bank Governors (FMCBG) meeting is being held in Bengaluru on Friday. Union Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Shaktikanta Das jointly chaired the meeting.

In his opening remarks at the meeting via a video message, PM Modi said, “You represent the leadership of global finance and economy at a time when the world is facing serious economic difficulties. The Covid pandemic had delivered a once-a-century blow to the global economy. Many countries, especially developing economies are still coping with its aftereffects. We are also witnessing rising geopolitical tensions in different parts of the world.”

“We need to collectively work to strengthen multilateral development banks for many global challenges, like climate change,” PM Modi said during the meeting.

Prime Minister said Indian consumers and producers are optimistic and confident about the future.

“We hope that you will be able to transmit the same positive spirit to the global economy. I would urge that your discussion will focus on the most vulnerable citizens of the world. Only by creating an inclusive agenda can win back the confidence of the world,” he told the Finance Ministers and Central Bank governors.

ADVERTISEMENT

The PM stressed that the role of technology is increasingly dominant in the world of finance. “However, some recent innovations in digital finance also pose a risk of destabilisation and misuse,” Prime Minister noted.
During the Covid pandemic, he said digital payments enabled contactless and seamless transactions.

“Over the past few years, we have created a highly secure, trusted and efficient public digital infrastructure. Our Digital payments ecosystem has radically transformed governance, financial inclusion and ease of living. India’s UPI ecosystem can be a template for many other countries. We would be happy to share our experiences with the world. G20 can be a medium for this,” PM Modi said.

He further said, “During our G20 presidency, we have created a new Fintech platform, which allows our global G20 guests to use India’s path-breaking digital payment platform UPI.”

PM Modi called for a collective effort in strengthening multilateral development banks for global challenges, like climate change and others.

“I hope that you will explore how the power of tech can be used for good while developing standards to regulate its possible risks. India’s own experience can be a model,” he added. (ANI)

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Skipping breakfast may compromise immune system: Study

Next Post

Teacher suspended in Ramban for criticising Government policies

Kashmir Pen

Kashmir Pen

Next Post
Govt Suspends 3 Public Works (R&B) Department Engineers

Teacher suspended in Ramban for criticising Government policies

Leave Comment
ADVERTISEMENT
Facebook Twitter Youtube RSS

©2020 KashmirPEN | Made with ❤️ by Uzair.XYZ

No Result
View All Result
  • Home
  • Latest News
  • State News
  • COVID-19
  • Kashmir
  • National
  • International
  • Education
  • Sports
  • Entertainment
  • Technology
  • Weekly
    • Perception
    • Perspective
    • Narrative
    • Concern
    • Nostalgia
    • Tribute
    • Viewpoint
    • Outlook
    • Opinion
    • Sufi Saints of Kashmir
    • Personality
    • Musing
    • Society
    • Editorial
    • Analysis
    • Culture
    • Cover Story
    • Book Review
    • Heritage
    • Art & Poetry

©2020 KashmirPEN | Made with ❤️ by Uzair.XYZ