What Visions Does PM Modi Have for Women-Led Financial Inclusion and Digital India?
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Synopsis
At the Global Fintech Fest 2025, PM Modi's vision for financial inclusion emphasizes women leading the charge. Esteemed leaders discuss the transformative potential of this initiative and the importance of collaboration within the fintech ecosystem. Join us as we explore a future where women drive financial empowerment in India.
Key Takeaways
- Women must lead their own financial inclusion.
- Collaboration among fintech players is vital.
- India's UPI platform sets a global standard.
- Innovative payment methods enhance user experience.
- Events like GFF foster ecosystem growth.
Mumbai, Oct 8 (NationPress) Prime Minister Narendra Modi envisions that financial inclusion should not merely focus on women's inclusion; it must emphasize women-led inclusion, according to Kalpana Ajayan, Regional Head for South Asia at Women's World Banking, during the Global Fintech Fest (GFF) 2025.
In an interview with IANS, Ajayan highlighted that women's financial inclusion is a core mission of the organization.
"That's a significant differentiator. Who should spearhead women's inclusion? It's essential that women lead their own inclusion journey," she remarked.
She expressed appreciation for the government's initiative in hosting an event like GFF, stating that financial inclusion encompasses a diverse range of players in the ecosystem.
"These can include banks, fintechs, insurance companies, and more. Platforms like the Global Fintech Fest provide excellent opportunities for collaboration among various stakeholders," Ajayan observed.
During the same event, Vikas Bansal, Director of Amazon Pay, shared that this marks the sixth edition of GFF, and he has witnessed its exponential growth each time.
"It's a pleasure to be here and feel the energy and enthusiasm that our FinTech community holds for the future," Bansal expressed.
He mentioned their commitment to offering customers a broad spectrum of payment solutions.
"We facilitate credit card transactions, Buy Now Pay Later options, wallet payments, and UPI. To enhance reliability and convenience, we've recently launched UPI biometric authorization, enabling users to transact using only their biometric data," Bansal noted.
Meanwhile, Rajdeep Gupta, Founder, Managing Director, and CEO of Root Mobile, expressed gratitude to PM Modi for his visionary Digital India initiative.
"India boasts the largest UPI platform globally. Other nations are now following our lead, which underscores India's growing significance in the global fintech arena. This trend is set to continue expanding in the near future," he added.
Point of View
It is evident that PM Modi's vision for women-led financial inclusion reflects a progressive approach towards empowerment and innovation in India's fintech landscape. The collaborative efforts highlighted at GFF are crucial for fostering an inclusive ecosystem that can drive sustainable growth and development.
NationPress
08/10/2025
Frequently Asked Questions
What is the main focus of PM Modi's vision for financial inclusion?
PM Modi's vision emphasizes that financial inclusion should be women-led, empowering women to take the lead in their own financial journeys.
What role do events like Global Fintech Fest play?
Events like GFF provide a collaborative platform for various stakeholders in the fintech ecosystem to explore opportunities and innovations.
What is UPI biometric authorization?
UPI biometric authorization allows users to make payments using their biometric data, enhancing the reliability and convenience of transactions.
How significant is India's UPI platform?
India's UPI platform is the largest globally, showcasing the country's leadership and increasing importance in the international fintech sector.
What innovations are being introduced in payment systems?
Payment systems are introducing a variety of options, including credit card payments, Buy Now Pay Later, and UPI, to improve user experience.
