Uttar Pradesh's Finance Minister Highlights Digital Transformation at Money Alpha 360° Summit
Finance in UP today is fast, inclusive: Nandi
Hindustan Times
Image: Hindustan Times
Nand Gopal Gupta ‘Nandi’, Uttar Pradesh's Minister for Industrial Development, emphasized the rapid evolution of finance during the Money Alpha 360° Summit in Greater Noida. He noted that India now accounts for nearly 49% of global real-time digital transactions, showcasing a shift towards an inclusive financial ecosystem facilitated by technology.
- 01Uttar Pradesh's finance minister highlighted the shift from paper-based to digital finance.
- 02India accounts for nearly 49% of the world's real-time digital transactions through UPI.
- 03Digital payments have become integral to the economic ecosystem.
- 04Technology, including AI and blockchain, is driving financial inclusion.
- 05Even small vendors now accept digital payments, reflecting widespread adoption.
Advertisement
In-Article Ad
During the Money Alpha 360° Summit held at the India Expo Centre & Mart in Greater Noida, Nand Gopal Gupta ‘Nandi’, the Uttar Pradesh Minister for Industrial Development, highlighted a significant shift in the financial landscape. He stated that India now accounts for nearly 49% of the world’s real-time digital transactions through the Unified Payments Interface (UPI). Gupta noted that the transition from a paper-based banking system to a digital one has made finance faster and more inclusive, eliminating the need for physical transactions. He emphasized that technology, including artificial intelligence, blockchain, and fintech, is transforming the financial ecosystem, enabling even small vendors to accept payments via QR codes. This shift signifies a historic transformation in how finance operates, making opportunities accessible to a broader audience. The event was attended by key figures, including Rakesh Kumar Singh, CEO of Yeida, and Vandana Tripathi, ACEO of Noida Authority.
Advertisement
In-Article Ad
The shift towards digital finance means that local vendors can now accept payments easily, increasing their customer base and sales potential.
Advertisement
In-Article Ad
Reader Poll
Do you believe digital payments will continue to grow in India?
Connecting to poll...
Read the original article
Visit the source for the complete story.

