Fintech industry needs to work relentlessly on safety to uphold people’s trust: PM
PTI, Sep 20, 2022, 11:15 AM IST
Prime Minister Narendra Modi on Tuesday said the fintech sector needs to work relentlessly on safety and reliability to uphold trust of the people.
In his message at the Global Fintech Fest, Modi said the sector has been an example of the wonders that can be worked when a government that encourages innovation comes together with the energy of young and inventive minds.
”Innovation for inclusion has been our mantra, leading to the revolution in public delivery ensured by the JAM Trinity, success of UPI in making digital payments a way of life, and India’s global rise in the fintech and startup space as a hub of innovation and investment,” Modi said in the message which was read out by Kris Gopalakrishnan, Chairman, GFF 2022 Advisory Board.
JAM Trinity refers to Jan Dhan-Aadhaar-Mobile.
Modi said from a largely unbanked population to a country that is not only surging towards saturation in banking access but also digitally equipped, it has been a phenomenal journey.
”People involved in the fintech domain know well that constant innovation is the name of the game. Rapid, relentless and proactive work in ensuring security, safety and reliability is important to uphold the enormous trust that the people have placed,” he said.
The Prime Minister said the fintech domain in India has earned goodwill by being an enabler of inclusion, and there is a need for continued focus to empower the poorest of the poor by taking quality financial services to them.
He exuded confidence that the deliberations in the event will focus on how the fintech sector can play a crucial role in the ‘Amrit Kaal’, leading to the creation of a strong, prosperous and inclusive India.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Will introspect, learn and rebuild NCP (SP) with renewed commitment: Sule
Sambhal violence: Prohibitory orders issued, outsiders barred from entry till Nov 30
Kangana takes ‘demon’ jibe at MVA, says it lost Maharashtra for disrespecting women
Eastern states were considered backward earlier, I view them as India’s growth engine: PM Modi
Villagers open fire on cops trying to take history-sheeter to police station
MUST WATCH
Latest Additions
Will introspect, learn and rebuild NCP (SP) with renewed commitment: Sule
Vikram Gowda Encounter: Naxal rehabilitation and surrender committee reviews site, surveys tribal issues
Sambhal violence: Prohibitory orders issued, outsiders barred from entry till Nov 30
Geethartha Chinthane 104: The Power of Inner Inspiration to Face Challenges
Pakshikere Case: Bail granted to mother and daughter
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.