{"id":21834,"date":"2022-02-07T18:26:40","date_gmt":"2022-02-07T12:56:40","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-niti-fintech\/"},"modified":"2022-02-07T18:26:40","modified_gmt":"2022-02-07T12:56:40","slug":"biz-niti-fintech","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-niti-fintech\/","title":{"rendered":"India witnessing increasing digitisation, shift in consumers&#8217; financial behaviour: NITI VC"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-952763201\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Feb 7 (PTI) India is witnessing increasing digitisation with people getting greater and easier access to financial services, which has led to a shift in consumers&#8217; financial behaviour from cash to e-wallets and UPI,\u00a0NITI Aayog Vice Chairman Rajiv Kumar said on Monday. \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \t Kumar, while addressing &#8216;NITI Aayog&#8217;s Fintech Open Summit&#8217;, further said the rise of fintech has accelerated financial inclusion. \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \t He also noted that the expansion of digital payments is an important pivot for creating a more equitable, prosperous and financially inclusive India.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3200977848\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> &#8220;India is witnessing increasing digitization with people getting greater and easier access to financial services.\u00a0This has led to a shift in consumers&#8217; financial behaviour &#8212; from cash to e-wallets and UPI,&#8221; Kumar said.<\/p>\n<p> Speaking at the event,\u00a0Union Minister for Railways, Communications, and Electronics and IT Ashwini Vaishnaw said the government\u00a0\u00a0believes in creating open platforms, such as CoWin and UPI, for healthcare, logistics and other sectors. \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \t An open platform is created using public investment, wherein numerous private entrepreneurs, start-ups and developers can join to create new solutions,\u00a0Vaishnaw added. \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0  \t According to an official statement, a\u00a0first-of-its-kind initiative, Fintech Open will bring together regulators, fintech professionals and enthusiasts, industry leaders, the start-up community and developers to collaborate, exchange ideas and innovate. \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \t It added that Fintech Open aims encourage an open ecosystem across the fintech industry and foster innovation and growth. PTI BKS  ABM ABM<\/p>\n<div class=\"trade-after-content\" id=\"trade-1741438765\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 7 (PTI) India is witnessing increasing digitisation with people getting greater and easier access to financial services, which has led to a shift in consumers&#8217; financial behaviour from cash to e-wallets and UPI,\u00a0NITI Aayog Vice Chairman Rajiv Kumar said on Monday. \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Kumar, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-21834","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>India witnessing increasing digitisation, shift in consumers&#039; 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