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The Chinese banks are far less digital than the Indian banks. But the technology enablers who lived there five years ago were probably at a better or higher level than India,” said Kamath
Chinese banks are lagging behind Indian lenders in terms of digitalization, according to veteran banker K V Kamath. Despite being early adopters of digital payments, Chinese banks are still less digital than their Indian counterparts. Kamath believes that India has caught up with China in terms of technology and is now leading the way. He also expressed optimism that the digital economy will contribute significantly to India's $25 trillion economy.
(This story has not been edited by THE WEEK and is auto-generated from a PTI
Africa, many parts of Europe, and South America offer fertile grounds for embracing India’s comprehensive framework of digital infrastructure and services, commonly known as the India stack.
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