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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:

Providing advisory services based on their priorities.
Sharing action-oriented research and fostering peer learning on responsible practices.
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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