India and UN-Based Better Than Cash Alliance organized a joint Peer learning exchange on Fintech solutions for responsible digital payments at the last mile

Last updated: 12 December 2020

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India, alongside the UN-based Better Than Cash Alliance, has hosted a learning session focused on leveraging fintech for responsible digital payments, particularly for services delivered at the last mile. The event highlighted the success of digital payments during COVID-19 relief efforts, where nearly Rs 68,000 crore was disbursed directly into bank accounts. India's existing digital infrastructure, including the JAM trinity (Jan Dhan, Aadhaar, Mobile), proved crucial. The session aimed to explore how states and union territories can further utilise digital public infrastructure and fintech innovations to drive inclusive growth and social progress.

Department of Economic Affairs ( DEA), Ministry of Finance today hosted a learning sessionAccelerating Responsible Digital Payments: Unlocking the Role of Fintech in Last Mile Service Delivery with leaders from States and Union Territories across India. This Peer Exchange is a result of the tremendo

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FAQ :

The main purpose was to explore how fintech solutions can accelerate responsible digital payments and enhance service delivery at the last mile across India.

The event was co-organized by the Department of Economic Affairs (DEA), Ministry of Finance, Government of India, and the UN-based Better Than Cash Alliance.

During COVID-19, India's digital payment infrastructure, supported by initiatives like the JAM trinity, enabled the direct transfer of nearly Rs 68,000 crore to vulnerable citizens' bank accounts.

Discussions included presentations on Open APIs, Smart City Cards, Blockchain use cases, and the Account Aggregator Ecosystem.

State governments from Maharashtra, Karnataka, Odisha, and Himachal Pradesh presented case studies on successful fintech partnerships.

India joined the Better Than Cash Alliance in 2015 to promote the digitization of payments, achieve financial inclusion, and share successes from programs like Pradhan Mantri Jan Dhan Yojana.

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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India and UN-Based Better Than Cash Alliance organized a joint Peer learning exchange on Fintech solutions for responsible digital payments at the last mile