Digital payments and mobile connectivity will together be the two key elements to facilitate the social inclusion of people living in India’s remotest areas. While our bigger cities are already embracing the power of the internet, we still need robust systems coupled with digital and financial literacy initiatives to reach the grassroots.

An economy led by digital payments will help mitigate the risks associated with cash transactions, ensure better transparency in government-led benefits’ schemes for citizens and enable tax compliance. Efficient infrastructure and delivery mechanisms (mobile phones, small and payments banks, financial correspondents) will play a huge role in transforming the government’s vision of Digital India into reality. We are hopeful of some strong initiatives and measures in the budget to further this cause.