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Below is quote on Year end and Outlook  2022 By Mr. Mandar Agashe, Founder & Vice-Chairman, Sarvatra Technologies ltd.

Compared to the previous year, the Indian economy had a better phase in 2021, as the pandemic slowed in the second half of the year and the economy reopened. As a result, large banks, small finance banks, as well as cooperative banks witnessed growth in the number of digital transactions done through UPI, AePS, etc. With the help of better banking technology and services, the larger banks in the country, as well as small finance banks and cooperative banks, are serving the customers better. The government and RBI have played a significant role in creating space for better adaption of digital modes of transactions. Semi-urban and rural India is slowly pacing their way to use more technology-enabled banking facilities. To achieve the dream of a "Digital India", the focus should be on encouraging more digital transaction methods and infrastructure improvements along with policies that will enable the large and medium players in the sector to be tech-innovators. The coming year is likely to be fruitful in case the infrastructural challenges are appropriately addressed, easier regulative reforms are introduced and rural India is encouraged to undertake more and more digital transactions with the support of large private sector banks, small finance banks, cooperative banks, NBFCs, and other financial institutions. With various measures undertaken by Government, RBI, and NPCI, the year 2022 is likely to witness accelerated growth in innovation in the digital payments space.

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