Phase IFoundation
Background
Overview
UPSC cares about Digital Financial Infrastructure due to its profound impact on financial inclusion, economic growth, and formalization of the economy. The challenges related to its sustainability, particularly the revenue models for payment service providers and the implications of policies like zero-MDR, are critical for policy analysis and future development.
India's Digital Public Infrastructure (DPI) refers to a robust, open, and interoperable digital ecosystem built on foundational platforms like Aadhaar, UPI, and Jan Dhan accounts. It is being leveraged to provide scalable and efficient delivery of financial services, enhance financial capability, and promote deeper financial inclusion and health across the population.