USIBC, FinMin to host symposium to promote digital payments

The US-India Business Council (USIBC) in partnership with the Ministry of Finance will hold a symposium on 'Accelerating Digital Payments and Deepening Financial Inclusion' here on March 29, a statement said on Monday.

The symposium brings together a diverse set of stakeholders, including government, private and public industry such as banks, payment service providers, product providers, and aggregators, and end users, along with industry associations, think tanks and civil society, USIBC said in a statement here.

Participants will discuss the challenges in digital payments ecosystem and contribute to potential solutions with their unique perspectives and capabilities. The symposium will also examine expanding the reach and effectiveness of financial inclusion initiatives, and the tools necessary to ensure that all of India's citizens participate in the digital drive.

"With the government's strong commitment towards making India a cashless society, it is imperative that we deliberate on the challenges to achieving a digitally driven economy. Industry stands ready to create innovative solutions to build a digital infrastructure that supports efforts underway for maximum financial inclusion," said USIBC President Mukesh Aghi.

Formed in 1975, the USIBC is a business advocacy organization, comprised of 400 top-tier US and Indian companies to advance commercial ties.

--IANS

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