February 29, 2024

We are creating some awesome events for you. Kindly bear with us.

India Launches Campaign to Boost Digital Payments

The Minister for Electronics and Information Technology, Ashwini Vaishnaw, launched the Digital Payments Utsav, a comprehensive campaign aimed at promoting digital payments across India. According to a press release, the Digital Payments Utsav aims to showcase India’s journey of digital transformation, with a series of events and initiatives to be held from 9 February to 9 October.

The focus of the campaign will be on promoting digital payments in the country, especially in the cities of Lucknow, Pune, Hyderabad, and Bengaluru, as part of the G20 Digital Economy Working Group (DEWG) event.

The launch of the Digital Payments Utsav marks a major milestone in the government’s efforts to promote digital payments and drive digital transformation in India. The comprehensive campaign is expected to bring together various stakeholders, including the government, industry, and citizens, to drive the growth of the digital economy and promote financial inclusion.

At the event, Vaishnaw shared his vision of the complete rollout of the digital credit system in 2023 and directed NPCI to take the lead in this direction. He announced Mission Bhashini, which brings together the national language translation mission and digital payments. It makes Unified Payment Interface (UPI) 123 Pay available in local languages, enabling people to make payments in their local language interface through voice.

The MeitY Secretary, Alkesh Kumar Sharma, spoke to the gathering about the ongoing efforts to expand the reach of the UPI in India and beyond. He said the government aims to concentrate on unconnected areas of India and make UPI a global payment method.

He highlighted that the National Payments Corporation of India (NPCI) has already taken steps in this direction by partnering with countries such as Nepal, Singapore, Bhutan, the United Kingdom, and the United Arab Emirates. Furthermore, UPI services will soon be available to non-resident Indians (NRIs) living in 10 countries: Australia, Canada, Hong Kong, Oman, Qatar, Saudi Arabia, Singapore, UAE, the UK, and the USA.

Several significant initiatives were launched during the event, including a G20 Co-branded QR code, a G20 edition of the preloaded RuPay On-The-Go device, innovative products from banks and fintechs, and a joint campaign by MeitY and Delhi Police to promote secure digital payments.

In addition, 28 DigiDhan Awards were presented to top-performing banks, bankers, and fintech companies in different categories for their performance in the digital payments space. The awards recognise the efforts of these organisations in promoting digital payments and contributing to the growth of the digital economy.

The event ended with the flag-off of the Digital Payment Sandesh Yatra, which will tour the country to educate citizens about digital payments and their security. The yatra is an important aspect of the Digital Payments Utsav and will help increase awareness and adoption of digital payments in India.

During the last three years, digital payment transactions have registered unprecedented growth in India. Easy and convenient modes of digital payment, such as Bharat Interface for Money-Unified Payments Interface (BHIM-UPI), Immediate Payment Service (IMPS), pre-paid payment instruments (PPIs), and National Electronic Toll Collection (NETC) system have registered substantial growth and have transformed the digital payment ecosystem by increasing person-to-person (P2P) as well as person-to-merchant (P2M) payments.

At the same time, pre-existing payment modes such as debit cards, credit cards, national electronic funds transfer (NEFT), and real-time gross settlement (RTGS) have grown at a fast pace.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

Send this to a friend