In a separate exhibition pavilion, India will also showcase its digital payment initiatives in the financial sector, including a public tech platform for frictionless credit, the central bank digital currency, the Unified Payments Interface (UPI), RuPay, and the Bharat Bill Payment System (BBPS), among others.
Within the public tech platform, visitors will be able to experience an interactive demonstration of the entire process — from onboarding to sanction and disbursement of the Kisan Credit Card and dairy loans — in an entirely digital manner in just a few minutes, revolutionising rural credit.
Reserve Bank of India (RBI) have indicated that going forward, the platform can be used for the distribution of small-ticket loans to benefit small businesses.