PricewaterhouseCooper’s (PwC) regional managing partner for North India and the global consultancy major’s government practice leader, Neel Ratan, spoke to ET’s Neha Alawadhi about the possibilities to leverage the Aadhaar platform, the progress of Digital India, and the opportunities presented by the November 8 currency exchange initiative.
PwC is involved in Digital India projects and was a key consultant to the government for building the crowd-sourced platform, MyGov. Excerpts:
After demonetisation, there has been a surge in the number of Aadhaar enrolments, with December 2016 alone accounting for 60% increase from November. This has helped enhance the efficiency of the Direct Benefits Transfer programme.
Aadhaar-enabled transactions are certainly playing a huge role in contributing to the government’s mission of making India a less-cash economy built around the BHIM app and the Aadhaar-Enabled Payment System. Demonetisation has triggered the surge in the use of Aadhaar, and many other sectors are taking cues and exploring Aadhaar for digital authentication and eKYC.
What are the pre-requisites to help achieve the government’s target of increased digital payments?
While some private players have embraced Aadhaar, what other ways can they leverage the UID for business?
There are many options available for exploring the potential of Aadhaar for digital authentication apart from eKYC. Some of these could be hotel check-in or check-outs, background verifications, digital lockers, and e-Sign or merchant empanelment by financial institutions.
[Copyright by Neha Alawadhi]