WEBVTT

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it's been a pleasure at GFF 2023 this year.

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It's been a bundle of energy.

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I've witnessed so many diverse
set of fintechs come together

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on conversations on payments, which is
a space that I really love talking about.

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India has been at the cutting edge
of disruptive transactions

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and digital transactions.

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UPI leading the way
with 10 billion transactions a month,

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Dilip yesterday talking about it
going to 100 billion transactions a month.

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That's digital scale.

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That's nowhere else in the world
that we're talking about.

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This is just payments that's done,
all of this transformative effort.

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As we look at the infrastructure world,
the DPI World of India

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NPCI has already taken a lead on UPI
type of transactions.

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There's more coming on CBDC,

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there's more coming on conversational
payments, and a lot more extend this

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to what an OCEN can do,
what an ONDC can do.

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The power of digital
transactions is just immense.

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Imagine a world where we're just not doing
payments but getting credit, doing wealth,

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doing insurance,
everything on these digital platforms.

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That's where India is going.

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And this festival today proves to me
that the energy, the drive of the founding

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ecosystem here, the private innovation
on public infrastructure,

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which is the plank that India has created,
is just the beginning of the journey.

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And as we look at what we're talking about
in the G20 summit,

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exporting this to other countries,

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Imagine the scale
when this becomes really global.

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I think true to its name,
the Global FinTech Festival

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is going to take India’s fintech ecosystem
to the global superpower.

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I'm really excited

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to be part of this journey
and to be working in shaping this journey

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That India is taking.