Friday, 24 March, 2023

Aadhaar and UPI become heroes as Germany struggles with ePay

<p>India&#39;s direct financial transfer system is a highly advanced structure that has been operating successfully for many years, according to the designers of India Stack innovations like the Aadhaar and the UPI. This was in response to a tweet that explained how Germany had been unable to send money to its citizens because it takes 18 months to connect bank and tax IDs. In contrast, DBT has been used to transfer more than 24.8 lakh Cr in India since 2013.</p>