Security will aid fintech retain user trust: PM
The Hindu
‘It must financially empower citizens’
Prime Minister Narendra Modi on Friday asked fintech firms to focus on ensuring greater security in their transactions to retain the trust of people who have embraced digital payments and financial technologies.
Stressing that it is time to convert India’s fast fintech adoption, reflected in high volumes of UPI and other digital transactions, into a ‘fintech revolution that helps to achieve financial empowerment of every single citizen of this country’, the PM said certain considerations need attention in this endeavour.
“Achieving this huge scale means that people from all walks of life have shown immense trust by accepting digital payments and technologies. Trust is a responsibility that you have, and you need to ensure that interests of the people are secure,” the PM said.
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