Innovative work of Digital India

Following are the comments from Girish Utagi, Managing Principal (Director), Digital Programmes Delivery Lead, CAPCO, Sudhanshu Mittal, Head, CoE Gurugram & Director, Technical Solutions, NASSCOM Centre of Excellence, Nikhil Rathi, CEO & Founder, Web Werks India and Anshuman Magazine, Chairman & CEO, India, South East Asia, Middle East & Africa, CBRE on the topic of Digital India.

The payments sector is an area where we have observed a continuous flow of investment with more global players entering this space to provide a spectrum of payment services, and this is something that we have seen reflected around the globe.

In the UK, for instance, digitalisation has been key to the government-backed open banking and PSD2 initiatives, which has seen challenger banks, fintechs, technology companies providing API based services to gain customer base.

Looking at the payments market in India, the Unified Payments Interface (UPI) has been widelyadopted by almost every payment service provider. The volume of financial transactions using UPI only proves that digital www.dqindia.com 61