Digital payments lead to transparency in transactions- Ravi Shankar Prasad


Digital payments are picking up in India after demonetisation, Electronics and IT minister Ravi Shankar Prasad said, adding that this has led to transparency in transactions.

There was a need to enable people in rural India by developing technology products that could facilitate and quicken health and education, the minister included.

Prasad was addressing at an event where chip manufacturer Qualcomm announced investment of $8.5 million to expand their design initiatives in India that will support organizations in the areas of rural technology, biometric devices, payment terminals and others.

The minister inquired Qualcomm “if they can come up with an innovation of a chip that can become integral to Aadhar”.

“With Prime Minister Narendra Modi’s vision to transform India into a digitally empowered society, Qualcomm is committed to offering support to help India’s ecosystem to grow and cater to increasing consumer choices,” said John Han, senior vice president and general manager, Qualcomm Technology Licensing.

The initiative will be called ‘Qualcomm Design in India Programme’ (QDIP) and it will give Indian mobile and Internet of Things (IoT) vendors advanced technology with the launch of a new ‘Innovation Lab’ at Hyderabad and expansion of the current ‘Innovation Lab’ in Bengaluru.

“Indians are innovating for big companies. They should be given support so that they create for India too,” told Prasad to reporters.

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Sameeksha Bhardwaj, From ITvoir News Desk