A Pre Budget Quote On Fintech And Digital Payments Industry By Ravi B Goyal - GADGETS & INNOVATIONS


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Thursday, January 25, 2018

A Pre Budget Quote On Fintech And Digital Payments Industry By Ravi B Goyal

Ravi B Goyal, Chairman & Managing Director, 
AGS Transact Technologies Limited

“The last few quarters have been transformational for the FinTech and Banking Payments Services industry in terms of increased governmental policy push such as Aadhar pay, UPI and others. These policy initiatives have not merely encouraged consumers onto digital platforms but has also promote financial inclusion. However, it would be appropriate to point out that cash would still co-exists along with increased push towards digitization. As cash continues to be the preferred mode for transactions, especially in semi-rural & rural areas, we strongly believe that the government’s pro-business policies will usher in a new era of prosperity providing stimulus to cash and digital payments alike.

As India’s leading end-to-end payment solutions provider, our ardent belief is that the ‘Make in India’ initiative holds huge potential for spurring economic upliftment of the people and enhancing national development.

Furthermore, the forthcoming budget should announce measures to upgrade digital infrastructure, especially with regards to the protection of data stored online so that consumer confidence is enhanced.”

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