Page 54 - India Stack News Today

Jan 8, 2021 Prime Minister Yoshihide Suga’s administration is gearing up to establish an agency that will lead the digital transformation of Japan. But the key to success is for the agency to create a blueprint for Japan’s digitalization — from administrative services to working with the private sector and nurturing engineers — and have the necessary power to work toward that goal. What needs to be done to prevent the digital agency from being another bureaucratic entity that w...

Unicorns are companies having valuation of more than USD 1 billion. The report titled Indian Tech Start-up Ecosystem On the March to Trillion Dollar Digital Economy said the Indian tech start-up base is witnessing a steady growth of 8-10 per cent year-on-year, and over 1,600 tech start-ups were added in 2020. Although cautiously optimistic, the report said 2021 promises a return to normalcy for the Indian tech start-up ecosystem and deep-tech and new start-up hubs will continue to grow at 40...

December 18, 2020 With over 175 million customers and 60 million merchants on the Unified Payments Interface (UPI), the platform is expected to process close to $425 billion (over ₹31 lakh crore) worth of transactions this year, which is equivalent to 15% of India’s Gross Domestic Product (GDP), said Ritesh Shukla, chief executive officer, NPCI International Payments Ltd. “When we launched UPI in 2017 we processed $8 billion worth of commerce on the platform, which is less than 1% of Indi...

URL copied Image Source : INDIA POST The Department of Post (India Post) and the India Post Payments Bank (IPPB) on Tuesday launched a new digital payment app ‘DakPay’ for its customers to operate their banking service online. The Department of Post (India Post) and the India Post Payments Bank (IPPB) on Tuesday launched a new digital payment app ‘DakPay’ for its customers to operate their banking services online. The app was un...

Updated Dec 15, 2020 | 17:49 IST DakPay is not just a digital payment app but a suite of digital financial and assisted banking services provided by India Post & IPPB through the trusted Postal (‘Dak’) network across the nation India Post Payments Bank launches new digital payment app DakPay&nbsp New Delhi: Department of Posts (DoP) and India Post Payments Bank (IPPB) unveiled a new digital payment app ‘DakPay’ at a virtual launch event on Tuesday. The App is lau...

By Swastik Sharma NITI Aayog recently released the draft of Data Empowerment and Protection Architecture (“DEPA”) for public comments. DEPA is the last layer of India Stack and the next significant digital public utility after UPI, as it scales and expands the financial sector NBFC-AA (Account Aggregator) model to other sectors. Apps built upon DEPA can offer services on the basis of one’s personal data like tax returns, expenditure behaviour or invoices raised through Amazon. Although th...

Share: The following is a contributed article from a content partner of Benzinga Digital identity is already a reality in many countries like Estonia, where 98% of the population has their own e-ID card, enabled by near-universal internet connectivity and virtual signature schemes. However, digital identity is only a concept for people in many other nations. The very idea of digital identity can also be highly controversial. Privacy advocates tend to take a cynical view, concerned that it mean...

Alan Turing Institute appoints global advisory board to aid digital identity schemes project The Alan Turing Institute announces an international advisory board for a project investigating digital identity schemes, with a view to building the technology and organisational infrastructure to sustain them as trustworthy Share this item with your network: By Published: 10 Dec 2020 10:45 The Alan Turing Institute has announced an international advisory board for a four-year project that will in...