Telecom Regulatory Authority of India now shifted to payment system. TRAI wants that we should change the payment mode by using the Aadhaar Card instead of other private pay system or wallets.
In the meeting organized by FICCI, TRAI chairman R S Sharma said, 1.1 billion people already have Aadhaar cards and the number was going up everyday.
Aadhaar interoperability was also suggested in 2010. Thus, the software for going cashless is in place but has to be implemented as both software and infrastructure are in place.
At a seminar on “Demonetisation to Digital Remonetisation”, Sharma said, “Cost, Convenience, and Confidence are crucial factors for a successful Digital Payment System implementation in India. He also mentioned that the implementation of Bharatnet will be faster and effective with PPP model. They further combined with Digital Cable Television System, India will reach a new level of digital connectivity. Sharma highlighted the pillars of Digital India and mentioned the need of an effective Digital Infrastructure, and availability and affordability of digital solutions which formulate the base of Digital Remonetisation.
The TRAI chairman R S Sharma highlighted how JAM Trinity creates a robust system within India, which further creates a digital inclusion with Aadhaar users across India.