Ask Q directly to Ceo (gary froster) and post here, page-34

First 34 Last

Share
Profile

Follow
TonyIndo

10,945 Posts.

1262

19/07/16

11:37

Post #: 18305681
Share

Originally posted by TonyIndo ↑

What do I particularly like about India's Aadhaar System? Before I answer that, please have a watch of this short video.

Here's what Mr. Nilekani highlighted in the video presentation (see below)...

* Over 1 billion Indian residents have an Aadhaar account already and this was achieved in just 5.5 years.

* Aadhaar provides online authentication in real time. A person can go anywhere and provide their Aadhaar number and it gives authentication in real time.

* No one else in the world has this system in place.

* The Aadhaar system can authenticate 100 million transactions per day, in real time with capacity to grow exponentially as more and more people use the system.

* It's also been designed to work with future devices. That's what the Chief architects had in mind from the start. It's also open API.

* With the Aadhaar system integrated into smartphone it becomes a one click, two factor authentication. The smartphone one factor, the Aadhaar second factor.

* The only country in the world where both factors of authentication are available as open platforms.

* In other words anyone can create a better experience than anything currently on the market with a little innovation. That's the power here.

* But it's what was highlighted about the UPI system in this article that has me most interested http://yourstory.com/2016/07/india-stack/

* UPI, Aadhaar and smartphone will all be synched!

* Mobile commerce is a high priority on TSI India's list.

You all know what my dream market is. UPI, remittance markets all go hand in hand.

Other reference:

Tony

Expand

Unified Payment Interface (UPI) to be rolled out end of this month.

http://www.thehindubusinessline.com...nctional-by-monthend-rajan/article8864777.ece

Look at how many banks are onboard.

http://www.bankingtech.com/535592/indias-unified-payments-interface-gets-more-banks-onboard/

I am so excited about this news!

Tony

TSN Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Shekel Brainweigh and Calmer Co lead innovations in the retail space

ARN

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

There are more pages in this discussion • 146 more messages in this thread...

First 34 Last

Add VOR (ASX) to my watchlist

Ask Q directly to Ceo (gary froster) and post here, page-34

Top Stories

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Featured News