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Govt aiming to link 60 cr mobile banking through Aadhaar: Nandan Nilekani

“The potential of
having 60 crore mobile banking linked to Aadhaar is what we are targeting in
future. This will have ripple effect on ecommerce and various other mobile
transactions,” said Nandan Nilekani, Chairman – UIDAI at the 7th Indian Digital
Summit organized by Internet and Mobile Association of India (IAMAI).

“The potential of
having 60 crore mobile banking linked to Aadhaar is what we are targeting in
future. This will have ripple effect on ecommerce and various other mobile
transactions,” said Nandan Nilekani, Chairman – UIDAI at the 7th Indian Digital
Summit organized by Internet and Mobile Association of India (IAMAI).

With 250 million people registered under Aadhar as of today,
UIDAI expects to enroll 600 million by 2014. The unique identity number will be
pivotal for KYC and e-KYC with internet penetration on a steady rise.

Nilekani stressed on the point that the Aadhaar can
eliminate fraudulent activities and help the end beneficiary, “Aadhaar can be
used to validate the identity of an individual, be it for the cash-on-delivery
model for ecommerce portals or even for getting telephone connection. We are
targeting to have one million micro-ATMs by 2014 to benefit hundreds of
thousands of people.”

“Aadhaar is a
platform that will grow and will help the ecosystem to grow along-with it. It
is an open platform for app developers and we sincerely hope that applications
are built around it.” Speaking on privacy, he added, “We are working with the
industry within regulatory frameworks to keep privacy intact.”

Meanwhile, Sam Pitroda reiterated “requirement of various
platforms like UIDAI” for progress towards a developed economy.

He further added, “The creation of 4 data centres, the
growth of cloud computing along-with 1.6% empowerment of Indian’s economy by
internet will fuel technology growth.”

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