G-20 Sherpas' meeting: India to fund digital payments infrastructure abroad

"This is about spreading India's soft power and also enabling Indian private sector, which is well versed in these technologies, to get business opportunities abroad," a second senior official said

Not only is India willing to provide the technical expertise to low- and middle-income nations that are interested in developing or improving their own digital payments systems, but is also keen to finance such efforts, Business Standard has learnt.

“We are looking to help the countries in the ‘global south’ with their own digital public infrastructure. We have built our own infrastructure and are showcasing it throughout G20. We will help them with the funding of such initiatives as well,” a senior government official told this paper on the sidelines of the G20 Sherpas’ Meeting in Kumarakom, Kerala.

Reserve Bank