ITU Blog: The foundation of India’s new digital payments platform
India’s government launched its “Unified Payment Interface” in April to bring basic financial services to Indian citizens using mobile-wireless technology. This would not have been possible without Aadhaar.
India’s biometric ID programme began in September 2010. Named Aadhaar after the Hindi word for foundation, it has since given a unique ID to over a billion Indians, providing the basis for inclusion in the formal financial system.
ID’s role in financial inclusion
India’s Aadhaar programme is considered the world’s largest national ID project, and all of India’s 1.25 billion people will have a unique ID before the close of 2016. It has created a system of unique IDs that functions as a building block to financial inclusion, as well as an enabler to the pursuit of development goals across a wide variety of industry sectors.