As the Union Budget 2025 approaches, Ravindra Rai, Managing Director & CEO of BOBCARD LIMITED, has outlined key expectations to strengthen India’s digital payments ecosystem and drive financial inclusion.
“We look forward to decisive and visionary measures that will not only accelerate the adoption of digital payments but also position India as a global benchmark for a secure, inclusive, and innovation-driven digital economy,” Rai stated.
He emphasized the transformative impact of linking credit cards with UPI, which has expanded access to instant credit across diverse customer segments. “Groundbreaking initiatives, such as leveraging UPI’s extensive reach, have redefined payment convenience and empowered consumers,” he added.
Looking ahead, Rai urged the government to prioritize investments in advanced digital infrastructure, robust cybersecurity frameworks, and regulatory enhancements to facilitate alternative credit assessment models and responsible lending.
“Nurturing a robust digital lending ecosystem and enhancing regulatory safeguards will not only fuel sustainable economic growth but also fortify India’s leadership in the global digital payments landscape,” he noted.
With trust, credit accessibility, and financial resilience at the core of these expectations, the digital payments sector anticipates key policy interventions in Union Budget 2025 to further expand financial inclusion and solidify India’s role as a leader in fintech innovation.
