They said it had also given a boost to the digital economy and financial inclusion that would throw up opportunities for young ventures. Digital payments, lendingThe digital economy was one of the ten key themes of the budget. India Stack is a set of APIs that allows start-ups, businesses and developers to utilise a unique digital infrastructure. “By removing regulatory cholesterol around digital payments, the Budget sets the stage for a revolution in flow-based lending,” said Sharad Sharma, co-founder of iSPIRT. Mr. Sharma said that post-demonetisation, digital payment is clearly going to be a key focus area of the government.

Source: The Hindu February 01, 2017 22:30 UTC