During the FE Modern BFSI Summit, Shaktikanta Das, Governor of the Reserve Bank of India (RBI), underscored the central bank's commitment to fostering financial inclusivity through technological innovations. Das highlighted the pivotal role of the Unified Payments Interface (UPI) as a groundbreaking tool in transforming the financial sector.
He noted that UPI, among other innovations, has significantly advanced the goal of making financial services more accessible to all segments of the population. By simplifying transactions and expanding digital payment options, UPI has played a crucial role in bridging gaps within the financial ecosystem. Das emphasized that the RBI continues to prioritize and support such innovations to ensure that financial services are inclusive and reach the broader population effectively.
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