Supporting India’s economic productivity with digital public infrastructure
India’s progress in digital finance has empowered millions of citizens in its vast economy. The United Payments Interface crossed 10bn in the volume of transactions in August 2023, marking a significant milestone for the payments landscape.
Chanchal Sarkar, economic adviser from the ministry of finance in India, and Dilip Asbe, managing director and chief executive officer of the National Payments Corporation of India, join OMFIF to discuss the benefits of digital public infrastructure and its role in India’s digital payment revolution. This discussion takes place in the context of policy recommendations and the collective financial inclusion movement endorsed by G20 leaders and examines why domestic/cross-border payments and central bank digital currencies matter at this intersection. Topics explored include the role of UPI in promoting financial inclusion and if existing regulations and policy need to be adjusted to cater for DPI.
Speakers
Dilip Asbe
Managing Director, Chief Executive Officer,
National Payments Corporation of India
Dilip Asbe
Managing Director, Chief Executive Officer,
National Payments Corporation of India
Dilip Asbe is managing director and chief executive officer of National Payments Corporation of India. Prior to this, he was chief operating officer. He has played a pivotal role in designing, building, operationalisation and management of large-scale innovative payments processing platforms like Immediate Payment Service, Aadhaar enabled Payment System, RuPay and the acclaimed Unified Payments Interface.
Chanchal Sarkar
Economic Advisor
Ministry of Finance India
Chanchal Sarkar
Economic Advisor
Ministry of Finance India
Mr Chanchal C Sarkar is a senior government official, currently serving as the Economic Adviser in the International Economic Relation (IER) Division of the Ministry of Finance, Government of India. His extensive career spanning over 23 years encompasses key roles, including leading G20-GPFI related issues of Finance Track under India’s Presidency, representing India at the SAARC Secretariat, and negotiating international economic and trade policies, particularly in the World Trade Organization (WTO). He has represented India in various national and international fora on trade and investment, financial inclusion, financial literacy, digital public infrastructure, etc and has showcased his expertise and leadership in these important fields. Mr. Sarkar has been selected as co-chair of the GPFI Working Group within the G20-Finance Track from 2024 to 2026. Mr. Sarkar’s is a Graduate from the London School of Economics and Political Science (LSE) and M.A. and M.Phil. in Economics from Jawaharlal Nehru University (JNU), India.
Timings
12:00 – 13:00 (London)
17:30 – 18:30 (India)
07:00 – 08:00 (New York)
20:00 – 21:00 (Singapore)