DFS drives expansion of digital payments in India and abroad

The Department of Financial Services (DFS) is spearheading efforts to promote the expansion of digital payments both domestically and internationally. This initiative is a part of India's broader push toward a cashless economy and enhancing its digital financial infrastructure. The government aims to make digital transactions more accessible to citizens by improving payment gateways, increasing the availability of digital financial services, and promoting seamless cross-border transactions. The DFS is also focused on collaboration with international stakeholders to facilitate smoother, more secure global payment systems. The growing adoption of Unified Payments Interface (UPI) and other platforms has been pivotal in this expansion.