Reaction from Fintech and Payments industry on interim budget 2019

Navtej Singh - CEO Digital Business, Hitachi Payment Services :

"The developments in recent years on digitizing payment transactions have been, by and large, limited to urban and semi urban locations. With the government's objective to setup 1 lakh digital villages as was announced today, we hope that the convenience, ease of use and speed that underline every digital transaction is extended to the remotest corners of the country. Such measures will encourage payments solution providers like us to introduce newer innovations to increase digital payments penetration and consequently, financial inclusion."

Mr. Himanshu Pujara - Managing Director, Euronet Services India Pvt. Ltd.

"Initiatives such as Digitization of Export and Import transactions and setting up 1 lakh digital villages in the next five years, are certainly going to create a headway for India to become the largest cash-less economy in the world. We are also excited to see Government's push towards AI."

Source : Equity Bulls

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