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We Are Now Focusing On Making UPI, RuPay Truly Global: RBI Chief

We Are Now Focusing On Making UPI, RuPay Truly Global: RBI Chief

NDTV
Wednesday, August 28, 2024 05:19:46 PM UTC

Speaking at the Global Fintech Fest 2024, the governor said digital financial inclusion, digital public infrastructure (DPI), consumer protection and cyber security, sustainable finance, and global integration and cooperation are the five priority areas for the Reserve Bank.

Reserve Bank Governor Shaktikanta Das on Wednesday said the central bank is focused on making the UPI and RuPay 'truly global' and asked financial institutions and fintech startups to adapt robust frameworks to capitalise on the new opportunities while mitigating connected risks.

Speaking at the Global Fintech Fest 2024, the governor said digital financial inclusion, digital public infrastructure (DPI), consumer protection and cyber security, sustainable finance, and global integration and cooperation are the five priority areas for the Reserve Bank.

Mr Das said strengthening financial infrastructure, including cross-border payment systems, will be key focus areas as India, with its tech talent and evolved fintech ecosystem, holds the potential to serve as a global hub for digital innovation and fintech startups.

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