Govt looking at proposal to join digital payments alliance

PAYThe government is considering a proposal to join the Better Than Cash Alliance (BTCA), a global body that helps governments, private sector & development organisations to accelerate the shift from cash to digital payments.

“BTCA has sent a proposal for joining the forum which is under consideration of the  government,” Minister of State for Finance Jayant Sinha told the Lok Sabha in a written reply.

The BTCA, according to its website, provides expertise in the transition to digital payments to achieve the goals of empowering people and growing emerging economies.

The Alliance is funded by organisations like UN Capital Development Fund, Bill & Melinda Gates Foundation, Citi bank and USAID. Currently, 33 members have joined it.

The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.