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Fintech Sector Tasked With Offline Payments, AI Defenses and Global UPI Rollout

Strengthening offline payment options, voice-based authorizations, AI-driven fraud prevention will extend services to underserved communities.

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Overview

  • DFS Secretary M Nagaraju urged fintech firms to prioritize offline payment solutions for regions with poor connectivity to boost financial inclusion.
  • He called for integration of voice-based authorization features to make digital services accessible to rural and underserved populations.
  • M Nagaraju emphasized leveraging artificial intelligence to develop robust cybersecurity measures and combat digital fraud.
  • The Secretary noted UPI’s acceptance in seven countries and encouraged fintechs to accelerate global expansion for cross-border remittances.
  • He reaffirmed the government’s commitment to deepen financial inclusion, democratize credit access and empower women through digital infrastructure.