Digital payments: Inclusion, growth and opportunities

The Government of India has identified digital gateways to hold transformative potential for the country. The Digital India initiative, along with the JAM (Jan Dhan-Aadhaar-Mobile) ecosystem, is today the centrepiece of India’s development and inclusive growth efforts. These policy measures stem from an expectation that digital spaces can be accessible, inclusive and dynamic. Over a billion mobile connections, quarter of a billion bank accounts (Jan-Dhan) and a digital identity database (Aadhaar) of a billion strong are catalysing this strong policy push. It is expected that India’s digital payment systems can ensure that millions of previously excluded citizens are brought within formal financial platforms. The digital economy and its potential is shaping the ambitions and directions of India’s growing young workforce, given that the future belongs to startups, SMEs, innovators and service sector businesses in the sector. The digital gateways can themselves redefine the delivery of services in the new economy, and India can seek to export this model to other emerging markets. The objective of this event, jointly organised by Better Than Cash Alliance and Observer Research Foundation, is to bring together high-level decision makers, private sector players and civil society in India to debate and deliver solutions to accelerate digital inclusion, digital businesses and digital growth. They will discuss why digital payments are a key driver for financial inclusion and a digital economy, and showcase India’s exciting global leadership in this field. Crucially, participants will discuss the strategic considerations necessary to move from cash to digital payments. Click here to read the agenda. Know the speakers. Please note that participation in this event is by invitation only. Follow @orfonline for live tweets during the sessions.