UK offers to handhold India in financial inclusion drive
MUMBAI: The United Kingdom, being one of the world's biggest financial hubs, has the technological prowess to handhold India to achieve its target of 90% financial inclusion, said the country's Chancellor of the Exchequer, Philip Hammond.
“As a world leader in fintech, UK could not be better placed than anyone in helping India achieve this target to give more Indians access to financial services,“ said Philip Hammond. UK's Chancellor of the Exchequer is responsible for raising the country's revenue through taxation and for controlling public spending.
“Fintech products have already started demonstrating their huge transformational potential. It is revolutionising the way we accept financial services,“ he said.“There is huge potential for India and UK to partner in this high growth sector,“ he added while speaking at an event in Mumbai as part of his official visit to India after the British government initiated the formal process to exit the European Union.
“We have a world leading financial services sector...across all sectors starting from green finance, fintech or Rupee or Renminbi products. We want to use the strength of that sector for the benefit of the Indian economy and the UK," he said. He also met the Indian finance minister in New Delhi.
“As a world leader in fintech, UK could not be better placed than anyone in helping India achieve this target to give more Indians access to financial services,“ said Philip Hammond. UK's Chancellor of the Exchequer is responsible for raising the country's revenue through taxation and for controlling public spending.
“Fintech products have already started demonstrating their huge transformational potential. It is revolutionising the way we accept financial services,“ he said.“There is huge potential for India and UK to partner in this high growth sector,“ he added while speaking at an event in Mumbai as part of his official visit to India after the British government initiated the formal process to exit the European Union.
“We have a world leading financial services sector...across all sectors starting from green finance, fintech or Rupee or Renminbi products. We want to use the strength of that sector for the benefit of the Indian economy and the UK," he said. He also met the Indian finance minister in New Delhi.
