New Delhi [
India
On April 12 (ANI), at the 9th event:
Carnegie Global Technology Summit
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DPI
In ‘The New Marketplace,’ specialists examined the effects of
Digital Public Infrastructure
(
DPI
) across social and financial terrains.
Sanket Bhondve
, Joint Secretary at the Ministry of Electronics and Information Technology (MEIT)
MeitY
), emphasised that
DPI
should be “centered around citizens, easy to use, and accessible.”
“For every
DPI
We need to grasp the rhythm of the market and get into the nitty-gritty of the industry. It must be centered around citizens, easy-to-use, and readily available. Putting all your eggs in one basket won’t work; you have to customize according to needs,” Bhondwe stated on Saturday.
Heba Shams
, the Vice President for Multilateral and International Affairs at Mastercard emphasized the significant impact of global organizations such as the World Bank in promoting advancement.
DPI
initiatives.
“Starting from 2022, it can be noted that international organizations have mainly focused on
DPI
And that encompasses the World Bank, which is taking on a crucial role in this domain,” Shams stated.
On the private sector’s interaction with the
DPI
system, Shams said, “Since the introduction of Adhaar in 2016, the number of credit cards have doubled from 2016-2020. So, in the sense, we are beneficiaries of
DPI
as well.”
Vyjayanti Desai
, as the Practice Manager for Digital Development Global Practice in South Asia at the World Bank Group, emphasized the significance of engaging the private sector in crafting foundational systems.
DPI
Components, specifically digital identification systems.
Desai stated, “We frequently do not involve the private sector enough as we design some of these fundamental aspects.”
DPI
Layers, especially in this case, where the government undoubtedly has a part to play, such as with digital IDs.
Rohini Srivathsa
, CTO of Microsoft
India
In South Asia, they highlighted the crucial part played by system integrators in providing solutions that enhance benefits for final users.
Srivathsa noted that ensuring delivery to the final customer through swift product innovation is essential. He believes that system integrators can significantly contribute in this area.
Significantly, the concluding ‘Report of
India
G20 Task Force on
Digital Public Infrastructure
‘Towards Economic Transformation, Financial Inclusion, and Development’ was published in 2024.
The Ministry of Finance in a press release had said that the work of this Task Force had led to the acceptance of the definition and framework of the
Digital Public Infrastructure
(
DPI
) during
India
‘s G20 Presidency and would be taken forward for implementation during the Brazilian and South African Presidencies.
To mark the release of the report, Amitabh Kant, who serves as the G20 Sherpa,
India
had said, ”
India
accomplished an amazing pole vault performance
Digital Public Infrastructure
In just nine years, we accomplished what would typically require half a century.
DPI
. Today in
India
, UPI is utilized across all tiers, ranging from small street vendors to extensive shopping complexes, boasting the largest proportion of digital transactions worldwide, representing approximately a 46% market share. These factors have served as foundational elements for
India
To navigate through the COVID-19 pandemic, whether it involves transferring $4.5 billion into the bank accounts of 160 million recipients or facilitating the distribution of 2.5 million vaccines over two years using digital vaccination certificates on smartphones, we have made significant progress in digitization. I am confident that this report will serve as the leading beacon for others around the globe to emulate.”
The Co-Chair of the Task Force, Nandan Nilekani, stated, “Governments and businesses across the globe are progressively recognizing that to genuinely attain the Sustainable Development Goals (SDGs) and social objectives such as equitable development, these efforts must be underpinned by solid foundations.”
DPI
to make that happen.
DPI
possesses the capability to significantly enhance the well-being of citizens and revolutionize governance. This has occurred here in
India
and it started with the Aadhaar ID system, aimed at providing a digital identity to every
India
n. Currently, approximately 1.3 billion
India
NS have acquired this digital ID, with an average of 10 million eKYC verifications occurring daily via Aadhaar.”
He mentioned, “In terms of payments, UPI supports around 13 billion transactions each month, catering to approximately 350 million individuals and 50 million merchants.”
DPI
enabled direct transfer has saved Government USD41 billion across Central Government Schemes. Therefore, it’s no longer a choice or a luxury,
DPI
It is crucial to achieve our goals. This Report will be instrumental in shaping the future direction.
DPI
“Approaches and actions worldwide.” (ANI)
Provided by GAPTEKZONE. (
).
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