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Budget Wishlist 2019: MobiKwik boss banks on inclusive financial growth for all segments of society

Upasana Taku expects the Modi government to give a push to the digitalisation of financial services this year.

ET Online|
Updated: Jun 29, 2019, 02.39 PM IST
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Agencies
Upasana Taku -MobiKwik
Upasana Taku said that the lack of affordable financial services often sets the under-banked population on a road to failure, and keeps them in a vicious cycle of dependency.
In the past few years, digitalisation of financial services has taken the front seat in the growth of the Indian economy.

As far as the FinTech industry is concerned, Finance Minister Nirmala Sitharaman has big shoes to fill on July 5 as she gets ready to take up her new role and present the Union Budget.

While Upasana Taku, Co-founder of MobiKwik, believes initiatives like Digital India and Make In India have put the nation on a digital innovation fast-track, she expects PM Narendra Modi government to give a further thrust to the digitalisation of financial services for this year's Budget.

"The FinTech industry needs a push in infrastructure investment, capital availability, digital payments incentives, and regulatory policies for the sector to succeed," Taku says.

The payment system and digital wallet company top boss wants the government focus on the under-banked population, and enable them by offering affordable and accessible financial services like loans and investment products. She is confident that the benefits of the digital services value chain will help the under-banked people to save, transact, make and receive payments, access credit, and insure against vulnerabilities. "The lack of affordable financial services often sets them on a road to failure and keeps them in a vicious cycle of dependency," she added.

Taku wants this year's Budget to focus on promoting inclusive growth by catering to the diverse financial needs of various segments of the society.

Women Inc Has Wishlist Ready For Modi 2.0 - And It Includes GST, Jobs

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Women Inc is very hopeful from NDA 2.0 after its landslide victory for the second time with 350 seats. From financial inclusion and GST to Triple Talaq and financial literacy for women, the top bosses have a lot of expectations from the Modi-led government's second term. Here's a look at what the female leaders of India expect from the new government.
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