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⍰ ASK How do electronic money institutions collaborate with the government's Direct Benefit Transfer (DBT) initiatives?

In India EMI team up with the government to make sure that benefits and subsidies reach the right people through the Direct Benefit Transfer (DBT) program. This program directly puts money into people's bank accounts, cutting down on any misuse and making sure funds get to where they need to go. EMIs make this process smooth by providing the technology and financial services for easy transactions.

EMIs often join forces with government agencies to offer digital payment options like mobile wallets and prepaid cards. These can be linked to people's bank accounts, making it easy for them to get and use their money. This helps more people get included in the financial system.

EMIs make sure that the money transfer process is VERY secure. They use strong security measures to protect transactions and keep the personal info of beneficiaries safe. The teamwork between EMIs and the government makes sure that giving out funds is efficient, saves on administrative costs, and reduces the chance of any funny business.
 

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