Post-budget 2018 Reaction Mr. Punit Jain, CEO, Nelito Systems Limited

We are glad that the government is encouraging companies, banks to adopt Fintech. Due to the focus on demonetisation and cashless transactions digital payments has been encouraged by Government for financial inclusion. Apart from MSMEs, the indirect benefit will also go to RRBs, Micro Finance companies and other financial institutions through which, the rural India can get further access to the digital era. Although expectations were there on Pacs automation which was decided in the last budget, however, overall the industry is getting due support from the government.

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