128: How Digital Payments Are Revolutionizing India ft. Infosys Chairman and Co-Founder Nandan Nilekani
The Bid
The Acceleration of Digital Payments in India
Last month was 8.7 billion digital payments in India; 300 million people use it. 50 million merchants have QR codes at which you can make these payments. So the vision is basically exploding this level of transaction directly.
Over the past 14 years, India has undergone a digital transformation that has caught the attention of the world: It has built a digital identity system that has created unique IDs for over a billion Indian people and launched a digital payment system that has revolutionized consumers’ access to financial services and healthcare. Host Mark Wiedman is joined by Nandan Nilekani, Co-founder and Chairman of Infosys to talk about how the country is building a digital public infrastructure that brings new economic growth for society
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