FinTech and Digital Public Infrastructure.pptx

Digital Public Infrastructure in India

1. Fintech & Digital Public Infrastructure Dr. Deepika S.R. Assistant Professor School of Business and Management CHRIST Deemed to be University, Bangalore https://finflux.co/blog/the-brains-behind-the-growth-of-indias-fintech/

2. 2 https:// www.youtube.com/watch?v=eInKmwcitHI&t=1453s

3. 3

4. 4

5. 5 After Nandan left Infosys in 2009 he wrote “Imagining India”. He documented the idea of Aadhaar in his book and was soon called upon by Prime Minister Manmohan Singh to implement the project. The rest, as they say, is history……

6. 6 The idea was to give a digital identity to everyone and today 1.3 billion Indians have digital IDs. It provides online authentication of IDs with fingerprint, iris, OTPs and face. This system does 80 million transactions a day

7. 7

8. 8 E- KYC “Know your customer” rules are in place in industries like banking and financial services, as well as telecoms, to reduce fraud, money-laundering, tax evasion, and financing for terrorism. When opening new customer accounts, identity verification by e-KYC is much faster than traditional methods, which require numerous physical documents.

9. 9 2014  - Jan Dhan Yojana -   Financial I nclusion program  Aadhaar , KYC, Jan- Dhan Yojana have driven the massive financial inclusion story in India ,

10. The days of waiting in long queues at banks became a distant memory as digital payments became the new norm. 10

11. 11 Demonetization

12. 12 Digital Revolution by Reliance Jio

13. 13 UPI UPI is a product of the National Payments Corporation of India (NPCI) and was launched in 2016. It allows users of payment service providers like PhonePe or GooglePay to use NPCI as switch to connect with banks and transfer money. It is more user-friendly than older transaction modes such as IMPS.

14. 14 Unified Payment Interface (UPI)

15. 15 No change to spare? This digital beggar in Bihar has a solution

16. 16

17. 17

18. 18

19. 19

20. 20 Fastag Revolution by NPCI

21. 21 eKYC , digital signatures, and digital documents have played a significant role in Zerodha's growth, shared Nithin Kamath Took 6 yrs for first 60k customers, 1 crore in next 6 yrs ': Nithin Kamath on how digitisation helped in Zerodha’s growth

22. 22 Digital Transformation in Indian Capital Markets

23. 23

24. 24

25. 25

26. 26 Digitization leading to formalization

27. 27

28. Tha nk You! India is making irreversible, non-linear changes Each change acts as input the next Leading to combinatorial innovation 28