Digital literacy making way for India’s financial inclusion
By Milan Dolansky, Chief Digital Officer, Home Credit India
Digitalisation in India is no longer a luxury existing as an add-on feature to functions like banking, shopping, traveling and others. It has now percolated to almost all walks of life, transforming businesses and governments to become a new way of life. Be it paying a vegetable vendor through a United Payment Interface (UPI) or filing taxes online, New India is adapting to a digital lifestyle at a rapid pace. The country currently has over 45 per cent of its population online. This is well reflected in the 53.9 ratings of the Reserve Bank of India’s Financial Inclusion Index for March 2021. This indicates that over half of the country’s 1.3 billion population is online and has ease
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