DFS secy: Fintechs should focus on offline payments

WITH THE COUNTRY'S digital payments ecosystem rapidly maturing, financial services secretary M Nagaraju on Monday requested fintechs to focus on offline payment solutions to further financial inclusion and expand their cross-border payment solutions.

- FE BUREAU

Fintech companies to leverage their strengths and innovation by not only extending financial services to the masses but also to develop robust solutions against fraud, hacking, and other cyber threats—making greater use of emerging technologies like AI, he said addressing a Financial Inclusion and Fintech Summit organized today by the industry body CII.