Thursday, February 1, 2018

Budget Reaction -- NCR Corporation -- Mr. Navroze Dastur, MD

“True to its expectations, Budget 2018 has spelt out roadmaps and allocations across various initiatives of the Central Government. I welcome the budget and appreciate the clear commitment shown by the Government towards fueling the growth of digital adaptation by focusing on technology. The Budget kept the agenda surrounded by themes of transformation and energization. In the direction of making India a digital nation a needful decision was made, with the focus rightly on digital India, the budget also gave boost to the FinTech and manufacturing sector through Digital India. However, along with increased push towards digitization, cash continues to remain the world’s most trusted and fastest form of payment and consumers still want to use cash and rely heavily on ATMs.

This budget has made special provisions to ensure greater financial growth, with emphasis on enhancing cyber security in the financial sector. Initiatives to upgrade digital infrastructure, especially with regards to the protection of data has also been addressed.

As the global leader in Omni-channel solutions, we belief that the initiatives taken by the Finance Minister holds huge potential for enhancing economic growth and the government’s policies will usher in a new era of prosperity providing stimulus to cash and digital payments alike. The budget holds great promise and will have a long term impact.

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