Nitin Chavan, CEO, Aquapay Payment Technologies Pvt Ltd.
“We welcome the budget presented by the Finance Minister as we believe it offers much for the FinTech space. The proposal to set up Global FinTech Hubs at GIFT and the allocation of Rs. 1,500 crore for promoting digital modes of payment are both measures that will give the sector a boost.
Moreover, the incorporation of one-person companies to incentivise innovation in start-ups and the focus on R&D in AI and ML should make for an even more vibrant and thriving start-up environment than we already have today.
Lastly, the setting up of a separate Asset Reconstruction syndicate for dealing with NPAs is a much-needed measure. Together with recapitalisation of PSBs, it should set the stage for a much-needed clean up of bank balance sheets.” – Nitin Chavan, CEO, Aquapay Payment Technologies Pvt Ltd