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India's Platforms Leapfrog by Dr Pramod Varma

India is rapidly developing its digital infrastructure through a series of interconnected API-based platforms, facilitating instant money transfers, KYC processes, and other financial services. As of recent reports, there have been substantial increases in digital authentication and transaction volumes, including 8.4 billion Aadhaar authentications and nearly 77 million UPI transactions monthly. This initiative aims to innovate public services, improve accessibility, and support economic growth without the traditional barriers of high costs or toll gates.

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INDIA'S PLATFORMS LEAPFROG Dr. Pramod Varma, @pramodkvarma 1
Move money from any bank to any bank from any app instantly! 2 INSTANT Instant money transfer and near real time settlement across banks. INTEROPERABLE Send money from SBI to ICICI using a 3rd party app.
Go from having no SIM to making calls in 183 seconds 3 KYC would mean typically 48 hours before activation of a pre-paid SIM. Jio issued 120 Mn SIMs in 7 months
4 4 Internet GPS OS Smartphone Maps Payment Cloud Infrastructure World-Class Products are built on API based PLATFORMS
5 Aadhaar Auth Aadhaar eKYC eSign Digital Locker DEPA UPI, APB, AEPS Mobile, Internet, GPS, Cloud World-Class Products are being built on INDIA STACK, a set of open API based PUBLIC PLATFORMS
India has a unique digital Infrastructure A set of serendipitously developed open APIs, built as public good 2 31 64 7 eSign UPI BHIM GSTNAadhaar Auth FastTag ETC 8 Bharat Bill Pay (BBPS) 5 eKYC Digi- Locker
7 Mobile Connections Aadhaar Enrolments Unique Bank Accounts Internet Users 1.21 Bn 1.19 Bn 500M 462M Social Media Users 375M India is fast going digital
The usage is coming primarily from Govt, Banks & Telcos 8.4 BN Aadhaar Authentications In The Last Year There are now 5x as many Aadhaar Authentications daily (64 mn) than Card Transactions at PoS (12.7 Mn) 8Source: UIDAI website Monthly Cumulative
3 Billion eKYCs This Year Regulatory pressures to validate customers has given eKYC a huge boost. Of the 3.4 Bn total eKYCs ever, only 0.4 Bn were before Nov 2016 About a third of the usage is for Telecom. Other prominent use cases are for opening of financial services accounts 9Source: UIDAI website Monthly Cumulative
Right before demonetization, UPI saw ~100k txn/month. UPI is at 76.9 Mn in Oct & 5 Mn txns on 7th Nov UPI Is At 26% Of Card Transactions, In 15 Months! 10Source: RBI website
Source: UIDAI, NPCI, TRAI Website, Conversations with NPCI, eMudhra, Deity officials 287 M Jan Dhan Bank Accounts Jan Dhan 1.18 B Enrolments Aadhaar 350 M Smartphones Mobile 11 12+ B Authentications Aadhaar 1.2 B Authentications/month 500+ M unique ids 340 M eKYC in 3 years > 1 M /day 500 M APB Accounts Linked 1.2 B Txns worth 4.5 B USD in 3 years > 3 M e-Sign in 15 months 4.8 M Digilocker users 1+ B Uploaded Docs 75 M UPI Txns a month ~1 B USD a month 1060 M Phone numbers
Mobile, Internet, GPS, Cloud 12 Platforms help create more open platforms! INDIA STACKAadhaar Auth Aadhaar eKYC eSign Digital Locker UPI, APB, AEPS DEPA
Mobile, Internet, GPS, Cloud 13 Platforms help create more open platforms! A unique id for every vehicle, linked with a pre-paid payment a/c with a set of APIs for building transportation solutions. INDIA STACKAadhaar Auth Aadhaar eKYC eSign Digital Locker UPI, APB, AEPS DEPA
Mobile, Internet, GPS, Cloud 14 Platforms help create more open platforms! A unique id for every vehicle, linked with a pre-paid payment a/c with a set of APIs for building transportation solutions. INDIA STACK An API driven learning platform to empower 20 million teachers and 200 million children built on ekstep.org's open source platforms. Aadhaar Auth Aadhaar eKYC eSign Digital Locker UPI, APB, AEPS DEPA
Mobile, Internet, GPS, Cloud 15 Platforms help create more open platforms! A unique id for every vehicle, linked with a pre-paid payment a/c with a set of APIs for building transportation solutions. India’s new B2B tax code, built as an API driven platform. 8 Million businesses with 3 Billion machine readable invoices on a platform! INDIA STACK An API driven learning platform to empower 20 million teachers and 200 million children built on ekstep.org's open source platforms. Aadhaar Auth Aadhaar eKYC eSign Digital Locker UPI, APB, AEPS DEPA
Mobile, Internet, GPS, Cloud 16 Platforms help create more open platforms! A unique id for every vehicle, linked with a pre-paid payment a/c with a set of APIs for building transportation solutions. India’s new B2B tax code, built as an API driven platform. 8 Million businesses with 3 Billion machine readable invoices on a platform! INDIA STACK National Health Protection Scheme under which universal health wallet, EHR, etc. are being created as API based platforms. An API driven learning platform to empower 20 million teachers and 200 million children built on ekstep.org's open source platforms. Aadhaar Auth Aadhaar eKYC eSign Digital Locker UPI, APB, AEPS DEPA
Mobile, Internet, GPS, Cloud 17 Platforms help create more open platforms! A unique id for every vehicle, linked with a pre-paid payment a/c with a set of APIs for building transportation solutions. India’s new B2B tax code, built as an API driven platform. 8 Million businesses with 3 Billion machine readable invoices on a platform! INDIA STACK National Health Protection Scheme under which universal health wallet, EHR, etc. are being created as API based platforms. An API driven learning platform to empower 20 million teachers and 200 million children built on ekstep.org's open source platforms. Airspace permissioning platform for drones with digital leasing and easy access. No permission, No take-off! DIGITAL SKY Aadhaar Auth Aadhaar eKYC eSign Digital Locker UPI, APB, AEPS DEPA
Mobile, Internet, GPS, Cloud 18 Platforms help create more open platforms! A unique id for every vehicle, linked with a pre-paid payment a/c with a set of APIs for building transportation solutions. Common Bill collection and payment platforms with open APIs to address 1 Billion plus bill payments every month. India’s new B2B tax code, built as an API driven platform. 8 Million businesses with 3 Billion machine readable invoices on a platform! INDIA STACK National Health Protection Scheme under which universal health wallet, EHR, etc. are being created as API based platforms. An API driven learning platform to empower 20 million teachers and 200 million children built on ekstep.org's open source platforms. Airspace permissioning platform for drones with digital leasing and easy access. No permission, No take-off! DIGITAL SKY Aadhaar Auth Aadhaar eKYC eSign Digital Locker UPI, APB, AEPS DEPA
BBPS | Bharat Bill Payment System API based platform allowing innovation on delivery models Ecosystem incentives aligned for rapid adoption Multi-channel (web, mobile, offline, etc) with multi payment methods (card, cash, UPI, etc) Unbundling bills, access, payments and rebundling for any-to-any Bills can go into Digital Locker which can then be shared with consent for a use (e.g. loan) ~1 Billion Bills per month ~250 Billion INR monthly payments 19
20 India is building many DIGITAL HIGHWAYS without expensive toll gates
Indian entrepreneurs will address the scale and diversity of India by building smart solutions on top of these DIGITAL PLATFORMS! 21 What will you do?
THANK YOU! @pramodkvarma