Building the India Stack: UPI, Aadhar and Data Empowerment

[00:02:20] - [First question] - The original thought process and vision for the India Stack

[00:04:12] - How India reached their level of financial services in just seven years compared to the forty five year estimate

[00:06:37] - Overview of the three components of the India Stack: identity, payments, and data empowerment 

[00:10:21] - Some of the non obvious insights when designing a system that onboards a billion people and maintains utility amongst them 

[00:13:51] - A dramatic reduction in the cost of KYC and second and third order effects because of it 

[00:17:03] - Breaking down and understanding the product ecosystem that is Aadhar 

[00:18:50] - Whether or not it was controversial having the private and public sectors both participate in Aadhar

[00:20:58] - Overview of the UPI system and its underlying protocol 

[00:23:29] - Understanding the Indian economic landscape today in relation to UPI 

[00:28:10] - Framing data empowerment and the types of applications it enables 

[00:32:03] - Account aggregator as a data access fiduciary and their role in the system

[00:34:44] - Unpacking the impact of data empowerment through a micro and macro lens

[00:38:28] - Thinking about formal and informal economies in relation to the India Stack

[00:40:44] - Other unique characteristics of the India Stack 

[00:42:33] - His perspective on what the future holds for India over the coming decades