Digital Payments Awards Ceremony Highlights India's Financial Inclusion Success

The Digital Payments Awards ceremony, hosted by the Ministry of Finance in New Delhi, recognized the achievements of banks and fintechs in enhancing India's digital payments ecosystem. Union Finance Minister Nirmala Sitharaman announced that India achieved an 80% financial inclusion rate in just 6 years, a feat that typically takes 50 years. The event celebrated the collective efforts of various stakeholders in driving digital financial inclusion, with 21 awards presented to top-performing banks and fintechs for their contributions to the sector.

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