Business Standard

Learning to be flexible in a changing world

As India looks to solidify its position as a competitive global commerce hub, it is essential to deepen economic integration and lower trade costs. The key to achieving this is trade digitisation

mobile apps, financial sector, fintech, software, technology, payment, digital, finance, investment, transactions, online
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Kiran Shetty
The rise in electronic payments requires a stronger emphasis on the adoption of innovative technologies. And fintechs, banks and financial institutions will need to devise strategies to accelerate digital adoption. Conversely, India and other countries have witnessed an upsurge in cybercrimes. We are ranked the second-most targeted nation in Asia-Pacific for cybercrimes, accounting for seven per cent of global incidents, as stated by a new study by IBM.

From trade to the entire payments value chain, the pandemic has acted as a catalyst for the digitisation agendas of financial institutions. The pertinent need to leverage data, streamline processes and implement nimbler
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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First Published: Mar 28 2021 | 8:36 PM IST

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