Indis Stack: Why was it developed?
Why IndiaStack? Building on its earlier e-governance projects, India launched a comprehensive programme called digital India in 2015. The objective of digital india project is to deliver citizen services digitally and online . To realize this, it has developed the following layered services. IDENTITY LAYER : where Aadhaar allows the authentication of identity on demand with the need for a physical presence, as well as e-KYC (verification), eSign (Digital Signature) and Digilocker ( online document depository) PAYMENT LAYER : where the UPI is a single interoperable interface to bank accounts effectively granting everyone mobile access to the payment system and allowing financial transactions to take place instantly , on demand and in fiat money inside financial system DATA-SHARING LAYER: where data privacy is ensured and resident data facilitate financial transactions while moving efficiently and securely based on resident ( customer) consent INDIA STACK Over the years, the a