New payments regulatory board will bolster confidence: Padmanabha Krishnamurthy, Paladion Networks

"We see a positive and bigger push towards a digital India in the Union Budget for financial year 2017. Allocation of over Rs 10,000 crore for the Bharat Net project to provide Wi-Fi hotspots to more than 150,000 Gram Panchayats will truly democratize digital access and the change the cyber landscape in India. We are very pleased to hear about the setting up of a computer emergency response team exclusively for the financial sector, and the payment regulatory board in RBI for monitoring electronic payments. With aggressive promotion of online payments after demonetization, this is a welcome move and will bolster public confidence in online payments. We look forward to swift implementation of these technology changes and hope to see a world class digital economy in India.”

Padmanabha Krishnamurthy, CFO, Paladion Networks