Fintechs must drive financial inclusion: Financial services secretary

M Nagaraju, secretary of division of financial services

NEW DELHI: Fintech corporations ought to transcend city markets and play a task in driving financial inclusion throughout the nation by creating offline cost methods, voice-authorised instruments, bettering connectivity in addition to cross-border cost capabilities, enhancing cybersecurity and integrating AI and higher app security for person comfort, a high official stated on Monday.“Fintech will drive financial inclusion, which in turn is a key driver of growth and poverty alleviation,” M Nagaraju, secretary of division of financial services, instructed a fintech summit. He highlighted function of India’s Digital Public Infrastructure (DPI) corresponding to Aadhaar, UPI, India Stack, ONDC, Digilocker, CBDC, and extra as a USP which leapfrogged financial inclusion. Nagaraju emphasised crucial function of fintechs in advancing financial inclusion and shopper safety.