India does more real-time online digital transactions than the US, China and Europe put together, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Anurag Jain has said.
“India has a paperless, presence-less and cashless solution for everything. The public digital infrastructure of India is unique. It is based on open systems, open architecture and open network, which allows everyone to plug in and removes entry barriers,” he said at an interactive session on ‘Inclusion on the Back of Technology: Best Practices’ at the CII Partnership Summit on Tuesday.
Training required
Technology has become an integral part of financial inclusion, J Venkatramu, MD and CEO, India Post Payments Bank pointed out in his presentation at the session, according to a press statement issued by CII. “A lot of training is required for end-users towards embracing technology. Financial literacy camps and enabling users to use smartphones has been an inflection point for…