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TLDR:
- MobiKwik CEO Bipin Preet Singh has expressed his expectations for the upcoming Budget 2024.
- He is seeking green finance benefits for the fintech sector and exclusive licences.
MobiKwik CEO Bipin Preet Singh has outlined his expectations for the upcoming Budget 2024. In an exclusive interview with Mint, he called for green finance benefits for the fintech sector and exclusive licences. Singh also highlighted the importance of investments in artificial intelligence (AI) to boost the penetration of fintech. He suggested that the government should develop standardised interfaces for fintech apps that use AI to overcome language barriers and improve accessibility. In terms of MobiKwik’s use of AI, Singh stated that they are in the early stages of leveraging the technology and are focused on converting data into a usable format for customers. He also emphasized the need for policy changes in the budget to simplify regulations and allow fintech companies to offer new products and services. Singh further discussed the role of fintech in India’s green finance economy and expressed his belief that the benefits of green finance should be passed on to the fintech sector. Finally, he addressed the challenges faced by MobiKwik in the lending business, stating that tighter regulations imposed by the Reserve Bank of India (RBI) have not impacted their growth projections.
