PM Narendra Modi inaugurates InFinity Forum, a thought leadership Forum on FinTech

Last Updated: Friday, December 3, 2021, 01:41
PM Narendra Modi inaugurates InFinity Forum, a thought leadership Forum on FinTech
Prime Minister Narendra Modi inaugurated InFinity Forum, a thought leadership Forum on FinTech through video conference. Addressing the gathering, the Prime Minister said that the history of currency shows tremendous evolution. The Prime Minister informed that last year, in India, mobile payments exceeded ATM cash withdrawals for the first time. Fully digital banks, without any physical branch offices, are already a reality and may become commonplace in less than a decade. “As humans evolved, so did the form of our transactions. From barter system to metals, from coins to notes, from cheques to cards, today we have reached here”, he said.

The Prime Minister noted that India has proved to the world that it is second to none when it comes to adopting technology or innovating around it. Transformational initiatives under Digital India have opened doors for innovative Fintech solutions to be applied in governance. The Prime Minister emphasized that now it is time to convert these fintech initiatives into a fintech revolution. “A revolution that helps to achieve financial empowerment of every single citizen of the country”, he said.
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