Sahamati Advocates DPI as a Lever of Economic Growth and MSME Empowerment
Sahamati has been actively championing digital public infrastructure (DPI) as a powerful paradigm for driving economic growth and empowering Micro, Small, and Medium Enterprises (MSMEs) in India. Through a series of impactful engagements in the last month, Sahamati has highlighted the crucial role of Account Aggregators (AAs) in enhancing financial inclusion and access to credit.
Role of Philanthropy and CSR in Fostering DPI
The 8th CSR Conference, organized by the American Chamber of Commerce in India (AMCHAM India) in the Capital, convened a discussion on the pivotal role of Philanthropy and Corporate Social Responsibility (CSR) in advancing the Digital Public Infrastructure (DPI). Sahamati participated in the discussion that delved into the influence of private-sector investment in shaping the DPI landscape. The session touched upon the role of private capital via philanthropy and CSR funds to drive innovation, sustainability, and resilience within the digital economy.
Workshop on the Indian Economy: Paving the Way for Financial Inclusion and Growth
Sahamati recently participated in the “Workshop on Issues in the Indian Economy: The Way Forward,” a collaborative effort by the India International Centre, Primus Partners, and the Foundation for Economic Growth & Welfare. This workshop brought together thought leaders and policymakers to discuss strategies for India’s economic development.
In the panel discussion on “Macroeconomic Policy for India’s Evolving Economy,” Sahamati presented a compelling case for the role of Account Aggregators in advancing financial inclusion. AAs can catalyze private debt penetration by facilitating easier bank credit access and strengthening corporate bond market participation. Sahamati spotlighted the importance of AAs in creating a robust financial ecosystem that supports economic development.
Mint Digital Innovation Summit: The Future of the AA Ecosystem
At the Mint Digital Innovation Summit, Sahamati discussed the future of India’s Account Aggregator ecosystem, focusing on the latest trends and innovations. Sahamati highlighted the tremendous opportunities that AAs present for consumers and businesses alike. By giving individuals greater control over their financial information, AAs are set to revolutionize the financial services industry. Sahamati highlighted the potential of AAs to drive innovation, reduce transaction costs, and increase financial accessibility.
EPAA Webinar on Open Data: Empowering MSMEs in Cross-Border Trade
Sahamati’s advocacy for financial inclusion extended to a webinar hosted by the Emerging Payments Association Asia (EPAA). This webinar focused on the role of Open Data in fostering financial inclusion for MSMEs engaged in cross-border trade.
During the discussion, Sahamati explored how Open Data can provide MSMEs with greater financial access and transparency, which are critical for their success in the global marketplace. Sahamati also touched upon the Data Empowerment & Protection Architecture (DEPA) and the Account Aggregator framework as India’s implementation of a customer-centric Open Data paradigm. The discussions delved into leveraging Open Data frameworks for MSMEs to access a wider range of financial products and services, streamline their operations, and reduce the risks of cross-border financial transactions.
Conclusion
Through these strategic engagements, Sahamati continues to advocate for digital public infrastructure as a key driver of economic growth and MSME empowerment in India. By promoting the adoption and expansion of the Account Aggregator framework, Sahamati is paving the way for a more inclusive and dynamic financial ecosystem.