'Visiting India Was Like Stepping Into The Future': Pakistani Foreign Policy Expert

I met with basically my friends from college that I went to college with um was that this is our moment if not now then never that's the attitude um the attitude is that there is a lot of investment in infrastructure a lot of investment in building things in India um a lot of uh activity to digitize the country I'll give you an example two examples there you go again yeah that actually is an issue so what the fintech has started doing is giving smart speakers that are connected to the Merchant's wallet speaker 50 rupees received 100 rupee received 20 receive those speakers reasons for various reasons including um you know Capital creation practices payments interoperable QR code they've been slow at it the tragedy in the shahzad is bank accounts UPI and mobile phone access um that um aadhar a unique ID digital ID is a critical part of it Pakistan actually got digital ID way before aadhar was ruled out now Generations who are from India will correct me if I'm wrong on this one but in any case the cost of pinging the aadhaar database is very little to low cost no cost the cost of sending money on UPI 0 is 0 MDR it doesn't cost anybody anything because the government provides that infrastructure it's a unified payments interface which is interoperable in the sense that think of it as a digital railroad those digital railroad micro payments connected to a wallet or a bank account the government of India mandates that every citizen with an aadhaar card should have the right to a zero balance zero cost bank accounts this is Modi government did it and he was criticized at that time you're wasting government money zero balance of banks are subject led to popularity led to Service delivery led to reduction corruption and also digitized payments because now you have access to a bank account you can get insurance you can get credit you can digitize payments Etc along with the jam Trinity [Music] Okay And subscribe

Channel: Business Today

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Keywords: Business Today, today, today's business news, business news, pakistan, pakistani podcaster, digital payment, india, payment, foreign policy, uzair younus, digital footprint, foreign policy expert, mumbai, podcaster on india, podcaster on digital development, podcaster on visiting india, podcaster lauds india, UPI, UPI payments, imran khan, pakistan economy, pakistan condition, pakistan drama, pakistan viral, india Vs Pak, indian Vs Pakistani, hyderabad, Gujarat, Kashmir

Id: oh3oCQEfo88

Length: 4min 8sec (248 seconds)

Published: Fri Mar 10 2023