Merchant Digitization Summit 2021: Towards AatmaNir bhar Bharat

  • IASbaba
  • March 4, 2021
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Merchant Digitization Summit 2021: Towards AatmaNir bhar Bharat

Part of: GS Prelims and GS – III – Economy; IT

In news

  • Merchant Digitization Summit 2021: Towards AatmaNirbhar (Self Reliance) Bharat was recently held.
  • Hosts: The Government of India, Federation of Indian Chambers of Commerce and Industry (FICCI), and UN-based Better Than Cash Alliance 
  • Special focus: Himalayan Regions, North East Regions and Aspirational Districts of India.

Important value additions 

Better Than Cash Alliance 

  • Based at the United Nations.
  • It is a partnership of governments, companies and international organizations.
  • It accelerates the transition from cash to responsible digital payments.
  • It has 75 members.
  • The Alliance Secretariat works with members to digitize payments by:
  1. Providing advisory services based on their priorities.
  2. Sharing action-oriented research and fostering peer learning on responsible practices.
  3. Conducting advocacy at national, regional and global level.
  • It was created in 2012. 
  • Launched by: United Nations Capital Development Fund, the United States Agency for International Development, the Bill & Melinda Gates Foundation, Citigroup, the Ford Foundation, the Omidyar Network, and Visa Inc.

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