UPI has become the new normal for making small-value grocery and food payments. The last decade and a half witnessed innovations in financial technology that has forever changed the banking and payments landscape. Not long ago was this unthinkable as millions of Indians, especially from rural areas, were deprived of access to formal financial services due to poor or lack of banking infrastructure. No one can stop an idea whose time has come, goes Victor Hugo saying. This very much suits digitalisation that is encompassing every aspect of life today, more so in banking. Game Changer Aadhaar has single-handedly transformed banking and emerged as the game changer of all innovations. The digital infrastructure created on the Aadhaar platform, India Stack, is helping firms scale up and create sustainable business models. For the BFSI sector, the ease of Aadhaar-based eKYC for on-boarding customers and authenticating transactions resulted in increased customer engagement and value creation for all stakeholders. RELATED NEWS Should Senior Citizens File Income Tax Return? TDS On Salary: Employers Need To Ask Employees Which Regime They Want To Opt, Says I-T Dept As of February 2023, over 136 crore (1.36 billion) Indians have Aadhaar number with more than 55 […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
