ITU approves IAFI proposal to explore use of 4G, 5G mobile for financial inclusion, ET Telecom

NEW DELHI: The ITU-APT Foundation of India (IAFI) has announced 6 Presented two proposals. The union of 5G/6G and airwaves shared with Mobile Satellite Services (MSS) to provide coverage in remote/rural areas was discussed and widely accepted in the ITU Radio Group. The 45th meeting of the Working Group 5D (WP5D) of the ITU Radiocommunications Sector, held from 31 January to 7 February 2024 at the ITU Headquarters in Geneva, Switzerland, presented a global report on the use of the field of radiocommunications. approved IAFI’s proposal to develop a document. Mobile technology for financial inclusion, including India’s experience with UPI payments, the nonprofit organization said in a statement.

“This proposal was one of the 10 proposals submitted by India at the 1st ITU Radio Group meeting after the 23rd World Radio Congress held in Dubai in November-December 2023. 2018,” IAFI said.

IAFI’s submission on ‘Financial Applications of Mobile Technology’ states that one of the most important goals to be achieved under the launched Digital India initiative is to ensure that India’s Unified Payments Interface (UPI) is ‘fully secure and It was introduced as a prime example of a “reliable and fastest” financial payment application. It was announced by Prime Minister Narendra Modi in July 2015.