The remarkable growth of digital payments highlighted in today’s budget announcement reflects the immense potential contained within India’s digital economy. We at Wibmo welcome the proposal for introducing amendments to improve banking governance in the country. Also, the initiative to promote financial literacy in India is a necessary step towards making India a fully digital economy. There is ample scope for the development of a proper regulatory framework for supporting and growing India’s digital banking ecosystem, with emphasis on reducing payment frauds and ensuring secure digital payments. This will facilitate wider adoption of digital payments in the coming future.”
–Suresh Rajagopalan, CEO, Wibmo- A PayU company
