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So this GFF

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we've been amazed by the amount
of attendance of fintechs

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and forward looking innovation
that's happening in India and globally.

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For example, I visited the
RBI Innovation Pavilion.

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Fascinating to see how the e-rupee
pilot is being rolled out

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across one and a half million consumers,
about 310,000 merchants.

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And the interoperability
that's just been launched between UPI

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and e-rupee is just an example of how great
the India payment stack is working.

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The levels of use cases that it's now

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generating, including the B2B
payments platform for MSMEs.

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The innovation that's already happened
through UPI payments as well as now

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the interoperability and linkage
between e-rupee

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and the UPI payment stack.

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I think just as a general, we see
there is a huge amount of learning

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to be had from a lot of these pilots
that are running in India

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from central banks
across the world on CBDCs.

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We do think that's going to be
one of the key

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pillars of innovation and policy focus

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going forward, not just here in Asia
or in India, but also globally.