India’s digital identity ‘clear opportunity’ for country: Singapore FM

Singapore Foreign Minister Vivian Balakrishnan has praised India for its digital identity and payment systems and said that it is a “clear opportunity” for the country.

In Saturday’s statement after his meeting with External Affairs Minister S Jaishankar in Cambodia, Balakrishnan noted two basic areas including certain strengths which India has and economic integration.

“India has certain strengths – FinTech, digital finance, digital inclusion, and what they have done with digital identity and payment systems, is a clear opportunity for us,” the Singapore Foreign Minister said.

“In Singapore, of course, we have all those systems as well, but for the rest of Southeast Asia, to explore how we can interconnect our payment systems,