The Minister said that we should create a platform as powerful, as good, as seamless and as digital as the UPI platform to give quick and easy credit to MSMEs and people who are at the bottom of the pyramid.
Vaishnaw spoke at the Digital Payment Utsav'', part of a weeklong event of India's achievements in the digital space titled 'Azadi ka Digital Mahotsav' in the capital.
Vaishnaw asked bankers to come up with promising concepts to create such a platform over the next three months.
He said that he will work the whole day with you to look at the concepts you have brought and work on the challenge for the next three months.
The Minister of State for Electronics and IT, Rajeev Chandrasekhar, said technology will play a big role in shaping the future of the country.
The event saw the launch of innovative solutions including payments-on-the-go. Nearly 40 stalls were set up by various banks, banks and other ecosystem partners, which contribute to digital payments in the country.
The event was marked by various cultural activities, an awards ceremony for banks and fintech, the launch of the Chutki Baja Ke' digital payments anthem and the flag-off of Digital Payments Sandesh Yatra.