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India Stack and the Role of Account Aggregator by Sanjay Jain In our masterclass series held during the first Account Aggregator Hackathon, Sanjay Jain, Partner, Bharat Innovation Fund walks us thru IndiaStack.org - identity (Aadhaar), payments (UPI), data (Account Aggregators).

How to use this book for Results  Digital India is a comprehensive programme. It  is for  every resident. Like in the case of our constitution, every resident must have a basic understanding of Digital India in terms of its scope and services. However, the range of services deployed under Digital India are too many for one person to understand and all of them are not relatable or relevant to everyone. Hence each resident should use the following core services to begin with  CORE SERVICES A set of digital India services aimed at every resident or citizen are called core services. They are   Digital identity - Aadhaar Cloud Storage - Digilocker Digital signature - e-sign    Online payments-  BHIM (UPI)  SECTORAL SERVICES  The rest of the services are called sectoral service are  aimed at a sectional of society- such as  students, farmers, teachers,  senior citizens, enterprises , women empowerment, people with disabilities and such sections of society. Reader can go directly to such rele

ORGANIZATION OF THIS BOOK   The book is organized in 8 parts. Part I is a general introduction to Digital India. It is recommended that every reader may go through this part and gain a basic understanding of the scope of Digital India programme and its overall structure and services.  The rest of the parts of aimed at specific groups. Reader is advised to go directly to those parts which is directly relevant to him or her  PART II :  DIGITAL INDIA SERVICES FOR CITIZENS PART III:  DIGITAL INDIA SERVICES FOR Government to Business (B2G2B) PART IV : DIGITAL INDIA SERVICES FOR Government to Government (G2G)  PART V : DIGITAL INDIA SERVICES FOR Government to Employees (E2G2E)  PART VI  :  DIGITAL INDIA SERVICES FOR Visitors/Foreigners (G2F)  PART VII  : DIGITAL INDIA STACKS  PART VIII: INDIA ENTERPRISE ARCHITECTURE  PART IX  : DIGITAL INDIA PLATFORM    

The Target Audience 1. DIGITAL INDIA PLATFORM FOR EVERY RESIDENT  Digital India is a new platform. It is a technology platform. Future of India and its citizens will happen on this platform . The Indian government has created a Digital India Platform for reaching out to every citizen online and delivering citizen services electronically . Hence awareness of Digital India movement, it's scope and services must be there for every Indian. Be one living in cities or deep rural India.  Be a housewife or a student or a shopkeeper or an entrepreneur.  Digital India is all inclusive and is for every Indian irrespective of gender and geography or  age or area. It is universal. Digital India is everyone's concern and everybody's reality. Hence the first purpose of this book to change this low ratio of Indian residents using Digital India resources and make  them aware of these resources and encourage them to  start using them in their daily life.  2 DIGITAL INDIA CITIZEN This boo

PREFACE India’s Digital Transformation is underway  1 As I was putting the final touches to the draft of this online  book  Times of India reported that (1) FASTags has overtaken cash collection in National Highway tolls and   (2) The Finance Minister announced that UPI based payments and RuPay debit card transactions are exempted from MDR. These two developments among others illustrate the speed with which Digital India is transforming the way government is serving citizens and how the nation is moving from traditional ways of conducting transactions- cash or paper to DIGITAL .  Today in India we have available enough infrastructure, knowledge, exposure and experience needed for the successful practice of Digital India. National Government Services Portal ( https://services.india.gov.in/ ) lists nearly 10,000 services most of them offered on fully online mode.  However, the percentage of people who are aware of these resources and applying them in their daily life for professional an

2021 Why India Stack was created?-   We are living in an ever-growing online world. Students attend online classes, employees work from home, people buy online..... Realizing the importance of online platform- the Indian government back in 2014 decided to deliver citizen services online through Digital India Building on its earlier e-governance projects , Digital India has one goal- deliver citizen services online on resident mobile devices. Delivering resident services online requires the following basic functionalities- online identity (Aadhaar), online authentication ( Aadhaar eKYC) online documents ( Digilocker), online signature ( eSign), online payment ( UPI ) and Digital consent layer that enables residents to share data selectively. These basic functionalities are called IndiaStack are open for public consumption- business- startups... #digitalIndia #Indiastack

India’s Digital Transformation is underway India’s Digital Transformation is underway As I was putting the final touches to the draft of this online book Times of India reported that (1) FASTags has overtaken cash collection in National Highway tolls and (2) The Finance Minister announced that UPI based payments and RuPay debit card transactions are exempted from MDR. These two developments among others illustrate the speed with which Digital India is transforming the way government is serving citizens and how the nation is moving from traditional ways of conducting transactions- cash or paper to DIGITAL . Today in India we have available enough infrastructure, knowledge, exposure and experience needed for the successful practice of Digital India. National Government Services Portal ( https://services.india.gov.in/ ) lists nearly 10,000 services most of them offered on fully online mode. However, the percentage of people who are aware of these resources and applying them in th

Since 2009. INDIA’S INVESTMENTS IN ITS DIGITAL financial infrastructure—known as “India Stack”—have sped up the large-scale digitization of people’s financial lives. As more and more people begin to conduct transactions online, questions have emerged about how to provide millions of customers adequate data protection and privacy while allowing their data to flow throughout the financial system. Data-sharing among financial services providers (FSPs) can enable providers to more efficiently offer a wider range of financial products better tailored to the needs of customers, including low-income customers. However, it is important to ensure customers understand and consent to how their data are being used. India’s solution to this challenge is account aggregators (AAs). The Reserve Bank of India (RBI) created AAs in 2018 to simplify the consent process for customers. In most open banking regimes, financial information providers (FIPs) and financial information users (FIUs) directly excha