WSIS Forum 2023: Digital payments

Digital financial services lower the cost and increase the security of sending, paying and receiving money. The resulting increase in financial inclusion which is also vital to women’s empowerment. It is most reliable, efficient and secure form of transaction. Digital Payments and UPI has showcased one of the classical examples in the creation of digital assets. It has given a Impetus to small businesses (Shops and street Vendors), large business and business of great impact enabling communities, for faster and secure transactions in subcontinent.

UPI demonstrated a great impact during the Covid-19 pandemic, a cashless and contactless transactions. In the subcontinent consumers from a layman to Tech savvy has adopted and shown great affinity towards Digital Technology, resulting in unprecedent growth in digital payment infrastructure which fosters economic development and Digital Financial Inclusion. In the thematic Workshop our primary aim to highlight how digital payments offer immediate benefits for both senders and receivers in developing economies.