Page 7 - India Stack News Today

Indias world-class digital public infrastructure (DPI), known as the India Stack, enables online, paperless, and cashless digital access, improving financial inclusion, transaction efficiency, and economic opportunities. The India Stack, consisting of Aadhaar, Unified Payments Interface (UPI), and account aggregator, creates digital identities, facilitates access to finance, reduces transaction costs, and improves tax collection.

"In India, due to the governments management of infrastructure, well quickly understand consumer behaviours that took other countries decades to grasp. This positions us to rapidly grow the consumer credit segment of the Indian economy."

India was certainly flavour of the week. Whether it was geopolitics, geo-economics or the two hot topics, sustainability and tech disruptions caused by generative AI, India scored well. PwCs 27th Annual Global CEO Survey launched at the forum highlighted how Indian CEOs are more buoyant about their growth prospects in 2024.

With general elections set to begin in April, India continues to crack down on deepfakes – by threatening the platforms used to share them.

Google Pay and India's National Payments Corp. signed a pact on Wednesday to further the reach of UPI beyond India. Google India Digital Services Pvt. and NPCI International Payments Ltd., a unit of the NPCI, signed a memorandum of understanding with three key objectives:

The recent G20 summit in New Delhi showcased Indias growing influence in global fora, with the theme "One Earth, One Family, One Future" highlighting the importance of environmentally sustainable and responsible actions for green development. To sustain Indias influence, follow-up measures should be announced in the upcoming Union Budget 2024-25.

The Ministry of Communications has informed in a press release that eight crore customers now benefiting from the innovative and inclusive financial services of the India Post Payments Bank (IPPB). “We are thrilled to announce that India Post Payments Bank has reached the milestone of 8 crore customers. This achievement is a testament to our…

Design is not a solo activity, it’s a team sport… you have to deeply listen and care for your partners, users, opponents, and colleagues and understand their true needs, fears, and preferences. – Dr. Pramod Varma Dr. Pramod Varma, the former Chief Architect of Aadhaar, UPI, and India Stack, shares

With Africa’s strategic importance rising, India has leveraged the global trust deficit to become a trusted interlocutor.

Real-time data should be available to be shared with third parties instantaneously. UPI would not have been the success it is if onboarding and processing times were not instantaneous