FinTech: Fintech community embraces FM's measures, expects w

FinTech: Fintech community embraces FM's measures, expects wise usage of Rs 1,500 crore funds


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Some fintech players are finding it early to comment on the initiative and expected more from the Budget for financial inclusion.
Among the measures announced on Friday under the Union Budget 2021-22, the
fintech industry also had something to cheer about. Finance Minister Nirmala Sitharaman mentioned that the Government would support the development of a world class Fintech hub at the GIFT-IFSC (Gujarat International Finance Tec-City, India's first International Financial Services Centre).
The minister also highlighted a significant increase in digital payments in the last couple of years “There has been a manifold increase in digital payments in the recent past. To give a further boost to digital transactions, I earmark Rs 1,500 crore for a proposed scheme that will provide financial incentive to promote digital modes of payment,” she said.

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