(THE GIST OF PIB) India Stack

(FEBRUARY-2024)

Recently, India and Colombia signed a Memorandum of Understanding (MoU) on Cooperation in the field of Sharing Successful Digital Solutions Implemented at Population Scale which intends to promote digital transformation via India Stack.

It is a set of Application Programming Interface (APIs) that allows governments, businesses, startups and developers to utilise a unique digital Infrastructure.
India Stack consists of three layers of open APIs: identity, payments, and data.
Although the name of this project bears the word India, the vision of India Stack is not limited to one country.
It can be applied to any nation, be it a developed one or an emerging one.

Presence less layer: Where a universal biometric digital identity allows people to participate in any service from anywhere in the country.
Paperless layer: Where digital records move with an individual’s digital identity, eliminating the need for massive amounts of paper collection and storage.
Cashless layer: Where a single interface to all the country’s bank accounts and wallets to democratise payments.
Consent layer: This allows data to move freely and securely to democratise the market for data.
Some of the APIs that are a central part of India Stack: are Aadhaar Proof, Aadhaar e-KYC, e-Sign, Digital Locker, and Unified Payment Interface.