EVENT

Digital Payments and Fintech: Opportunities post COVID-19

Apr-2020

Amid COVID-19, governance in India is turning to technology or digital platforms for effective communication and better-monitoring of the crisis in their states respectively. The webinar addressed the initiation of the largest cash transfer scheme by the Indian Government which include using the Jandhan-Aadhar-Mobile (JAM) platform to support the most vulnerable sections of the society – releasing INR28,000 crore targeting about 30 crore people under the Pradhanmantri Garib Kalyan Yojana. The digital payment ecosystem includes medium such as AePS, Bhim, Aadhaar Pay, etc. The pannelists also dicsussed UPI, the immediate real-time payment system which helps in both person to person (P2P) and Person to Merchant (P2M) transactions. In the context of COVID-19, RBI and the Government encouraging digital payments and leveraging the safe, secure, stable and affordable retail payment systems such as the National Electronic Fund Transfer (NEFT) and the Immediate Payment Service (IMPS) were discussed.

Event Partner: Invest India

Primus Role: Organiser

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