India has emerged as a leader in digital infrastructure. the country has ranked number 1 in the highest number of digital transactions made in 2022. Can developing economies learn a lesson from India? Molly Gambhir tells you more.

Gravitas: India tops digital payments ranking

<p>India has topped the list for digital payments, surpassing four other nations, with an astounding 89.5 million transactions recorded in 2022.</p>

<p>As per&nbsp;the data, 46 per cent&nbsp;of all real-time payments made worldwide in 2022 were made in India. India has more digital payment transactions than the other four top countries put together, it added.</p>

<p>Brazil is second on the list which accounts for&nbsp;29.2 million transactions followed by China with 17.6 million transactions. Thailand ranked at number 4 with 16.5 million digital transactions followed by South Korea with 8 million worth of transactions, the data from MyGovIndia has stated.</p>

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<p dir="ltr" lang="en">📈 India keeps dominating the digital payment landscape! 💸🇮🇳 With innovative solutions and widespread adoption, we're leading the way towards a cashless economy. 💻<a href="https://twitter.com/hashtag/9YearsOfTechForGrowth?src=hash&amp;ref_src=twsrc%5Etfw">#9YearsOfTechForGrowth</a> <a href="https://twitter.com/hashtag/9YearsOfSeva?src=hash&amp;ref_src=twsrc%5Etfw">#9YearsOfSeva</a><a href="https://twitter.com/GoI_MeitY?ref_src=twsrc%5Etfw">@GoI_MeitY</a> <a href="https://twitter.com/AshwiniVaishnaw?ref_src=twsrc%5Etfw">@AshwiniVaishnaw</a> <a href="https://twitter.com/Rajeev_GoI?ref_src=twsrc%5Etfw">@Rajeev_GoI</a><a href="https://twitter.com/alkesh12sharma?ref_src=twsrc%5Etfw">@alkesh12sharma</a> <a href="https://twitter.com/_DigitalIndia?ref_src=twsrc%5Etfw">@_DigitalIndia</a> <a href="https://t.co/cSfsFsq0mW">pic.twitter.com/cSfsFsq0mW</a></p>
— MyGovIndia (@mygovindia) <a href="https://twitter.com/mygovindia/status/1667207266888740864?ref_src=twsrc%5Etfw">June 9, 2023</a></blockquote>
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<p>For the current fiscal year, the Ministry of Electronics and Information Technology (MeitY) is promoting digital payments by offering the Incentive Scheme for the Promotion of RuPay Debit Cards and Low-Value BHIM-UPI Transactions.</p>

<p>The Indian government's platform for citizen engagement, MyGovIndia, offers people the chance to contribute at the grassroots level and work towards Surajya.</p>

<p>India is the world leader in digital payments, according to Prime Minister Narendra Modi, who also claimed that the rural economy of the nation is changing.</p>

<p>“India is number one in digital payments. India is one of the countries where mobile data is the cheapest. Today, the country’s rural economy is transforming,” the PM said.</p>

<p>The expansion of digital payments in India and the availability of several simple and practical digital payment options have aided in improving the quality of life for residents, promoting financial inclusion, and boosting the country's commerce and economy.</p>

<p><strong>Also read |</strong>&nbsp;<a href="https://www.wionews.com/technology/data-lab-india-and-ai-are-we-ahead-of-the-curve-588533">Data Lab | India and AI: Are we ahead of the curve?</a></p>

<h2><strong>IMF praises India's digital infrastructure</strong></h2>

<p>The International Monetary Fund gave India's digital public infrastructure, one of the major success stories of the nation, a thumbs up.</p>

<p>In a recent paper, the IMF praised India's digital public infrastructure and stated that the nation's experience with the internet had "lessons for other countries embarking on their own digital transformation."</p>

<p>The 'India Stack' refers to the nation of India's digital public infrastructure, which includes the Aadhar, Unified Payments Interface (UPI), or digital payments, and Digilocker (an online storage platform).</p>

<p><strong>Also watch |&nbsp;India High Commission organizes first defence exhibition in Sri Lanka</strong></p>

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<p>As per&nbsp;the paper, they provide online, cashless, paperless, and private digital access to a range of public and private services.</p>

<p>"India was able to quickly provide support to an impressive share of poor households during the pandemic. In the first months of the pandemic about 87 per cent of poor households received at least one benefit," the paper said.</p>

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India has topped the list for digital payments, surpassing four other nations, with an astounding 89.5 million transactions recorded in 2022. As per the data, 46 per cent of all real-time payments made worldwide in 2022 were made in India.

India has topped the list for digital payments, surpassing four other nations, with an astounding 89.5 million transactions recorded in 2022. As per the data, 46 per cent of all real-time payments made worldwide in 2022 were made in India. India has more digital payment transactions than the other four top countries put together, it added. Brazil is second on the list which accounts for 29.2 million transactions followed by China with 17.6 million transactions. Thailand ranked at number 4 with 16.5 million digital transactions followed by South Korea with 8 million worth of transactions, the data from MyGovIndia has stated. 📈 India keeps dominating the digital payment landscape! 💸🇮🇳 With innovative solutions and widespread adoption, we're leading the way towards a cashless economy. 💻#9YearsOfTechForGrowth #9YearsOfSeva@GoI_MeitY @AshwiniVaishnaw @Rajeev_GoI@alkesh12sharma @_DigitalIndia pic.twitter.com/cSfsFsq0mW — MyGovIndia (@mygovindia) June 9, 2023 × For the current fiscal year, the Ministry of Electronics and Information Technology (MeitY) is promoting digital payments by offering the Incentive Scheme for the Promotion of RuPay Debit Cards and Low-Value BHIM-UPI Transactions. The Indian government's platform for citizen engagement, MyGovIndia, offers people the chance to contribute at the grassroots level and work towards Surajya. India is the world leader in digital payments, according to Prime Minister Narendra Modi, who also claimed that the rural economy of the nation is changing. “India is number one in digital payments. India is one of the countries where mobile data is the cheapest. Today, the country’s rural economy is transforming,” the PM said. The expansion of digital payments in India and the availability of several simple and practical digital payment options have aided in improving the quality of life for residents, promoting financial inclusion, and boosting the country's commerce and economy. Also read | Data Lab | India and AI: Are we ahead of the curve? IMF praises India's digital infrastructure The International Monetary Fund gave India's digital public infrastructure, one of the major success stories of the nation, a thumbs up. In a recent paper, the IMF praised India's digital public infrastructure and stated that the nation's experience with the internet had "lessons for other countries embarking on their own digital transformation." The 'India Stack' refers to the nation of India's digital public infrastructure, which includes the Aadhar, Unified Payments Interface (UPI), or digital payments, and Digilocker (an online storage platform). Also watch | India High Commission organizes first defence exhibition in Sri Lanka As per the paper, they provide online, cashless, paperless, and private digital access to a range of public and private services. "India was able to quickly provide support to an impressive share of poor households during the pandemic. In the first months of the pandemic about 87 per cent of poor households received at least one benefit," the paper said. WATCH WION LIVE HERE:

Frontrunner in digital payments: India tops world ranking, says MyGovIndia data

<p>Prime Minister Narendra Modi&nbsp;met with Pekka Lundmark, the CEO&nbsp;of Nokia,&nbsp; and discussed India's advancements in creating&nbsp;next-generation digital infrastructure. In a tweet, PM Modi said that it was a ‘fruitful’ meeting with the Nokia CEO pertaining to technology.&nbsp;</p>

<p>“A fruitful meeting with Mr.@PekkaLundmark in which we discussed aspects relating to technology and leveraging it for the welfare of society. We also discussed India’s strides in building next-generation digital infrastructure," Modi tweeted.</p>

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<p dir="ltr" lang="en">A fruitful meeting with Mr. <a href="https://twitter.com/PekkaLundmark?ref_src=twsrc%5Etfw">@PekkaLundmark</a> in which we discussed aspects relating to technology and leveraging it for the welfare of society. We also discussed India’s strides in building next generation digital infrastructure. <a href="https://t.co/oFsEUMib0v">https://t.co/oFsEUMib0v</a></p>
— Narendra Modi (@narendramodi) <a href="https://twitter.com/narendramodi/status/1635320445099716608?ref_src=twsrc%5Etfw">March 13, 2023</a></blockquote>
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<p><strong>ALSO READ |</strong>&nbsp;<a href="https://www.wionews.com/india-news/pm-modi-to-travel-to-japan-papua-new-guinea-and-australia-in-may-571991">India: PM Modi to travel to Japan, Papua New Guinea and Australia in May</a></p>

<p>Lundmark wrote on Twitter that it was an honour to meet with Prime Minister Modi and go over how Nokia is assisting India with its 5G rollout, the subsequent stage of its digital transformation, and its plans for 6G.</p>

<p>Nokia wants to surpass its rivals and take the lead in the Indian market for private 5G networks, which the Finnish telecom equipment manufacturer projects would reach $240 million in sales by 2027 and have a deployment potential of over 2,400 sites nationwide.</p>

<p>“We have had a leadership position in private networks across the world and we have more than 500 deployments globally. This business is growing very fast and we see the same kind of trend in India too," Nokia India chief marketing officer Amit Marwah said, as quoted by the Mint.&nbsp;</p>

<p><strong>Indian PM Modi to travel Japan, Papua New Guinea and Australia in May month</strong></p>

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<p>India is expected&nbsp;to invest between $240 million and $250 million in private wireless networks by 2027, according to the Nokia Mobile Broadband Index report published in February 2023.</p>

<p>The government is yet to decide on the bands of the airwaves and the price of the airwaves that will be supplied to businesses without going through an auction before it can finalise its plan for allocating 5G airwaves for 5G private networks to them.</p>

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Prime Minister Narendra Modi met with Pekka Lundmark, the CEO of Nokia, and discussed India's advancements in creating next-generation digital infrastructure. In a tweet, PM Modi said that it was a ‘fruitful’ meeting with the Nokia CEO pertaining to technology.

Prime Minister Narendra Modi met with Pekka Lundmark, the CEO of Nokia, and discussed India's advancements in creating next-generation digital infrastructure. In a tweet, PM Modi said that it was a ‘fruitful’ meeting with the Nokia CEO pertaining to technology. “A fruitful meeting with Mr.@PekkaLundmark in which we discussed aspects relating to technology and leveraging it for the welfare of society. We also discussed India’s strides in building next-generation digital infrastructure," Modi tweeted. A fruitful meeting with Mr. @PekkaLundmark in which we discussed aspects relating to technology and leveraging it for the welfare of society. We also discussed India’s strides in building next generation digital infrastructure. https://t.co/oFsEUMib0v — Narendra Modi (@narendramodi) March 13, 2023 × ALSO READ | India: PM Modi to travel to Japan, Papua New Guinea and Australia in May Lundmark wrote on Twitter that it was an honour to meet with Prime Minister Modi and go over how Nokia is assisting India with its 5G rollout, the subsequent stage of its digital transformation, and its plans for 6G. Nokia wants to surpass its rivals and take the lead in the Indian market for private 5G networks, which the Finnish telecom equipment manufacturer projects would reach $240 million in sales by 2027 and have a deployment potential of over 2,400 sites nationwide. “We have had a leadership position in private networks across the world and we have more than 500 deployments globally. This business is growing very fast and we see the same kind of trend in India too," Nokia India chief marketing officer Amit Marwah said, as quoted by the Mint. Indian PM Modi to travel Japan, Papua New Guinea and Australia in May month India is expected to invest between $240 million and $250 million in private wireless networks by 2027, according to the Nokia Mobile Broadband Index report published in February 2023. The government is yet to decide on the bands of the airwaves and the price of the airwaves that will be supplied to businesses without going through an auction before it can finalise its plan for allocating 5G airwaves for 5G private networks to them. WATCH WION LIVE HERE:

Indian PM Modi meets Nokia CEO Pekka Lundmark, discusses India's digital infrastructure

<p lang="EN-US" paraeid="{56625cd5-f7db-4892-a225-d70775f24543}{171}" paraid="31403863" >A new report claims that China is trying to damage the digital infrastructure of several countries and the authorities have employed various “coercive” measures to achieve that result. The latest findings by Voice Against Autocracy pointed towards a potential network of Chinese technology firms that are helping the Communist Party in&nbsp;disrupting the system of foreign countries through&nbsp;global surveillance.&nbsp;</p>

<p lang="EN-US" paraeid="{56625cd5-f7db-4892-a225-d70775f24543}{171}" paraid="31403863" >Also read |&nbsp;<a href="https://www.wionews.com/world/sri-lanka-president-announces-budget-aims-for-a-turnaround-by-the-end-of-2023-534036" hreflang="en">Sri Lanka President announces budget; aims for a turnaround by the end of 2023</a></p>

<p lang="EN-US" paraeid="{7120bece-b32d-48a2-8b62-5e2666a85096}{221}" paraid="803506298" >The biggest name that featured in the Voice Against Autocracy report were Chinese telecommunication firm Huawei. The company currently accounts for over 30 per cent of the global telecom market and it has also gained close than 100 contracts around the world when it comes to the 5G technology. As a result, it has a part to play in cyber security and Chinese authorities can be manipulating the sector.&nbsp;</p>

<p lang="EN-US" paraeid="{fcb70529-4be0-4cae-8e3e-d635278b3c81}{62}" paraid="828430584" >China with its peculiar objectives is attempting to by-pass the obstacle of convincing nations to entrust its rise but, on a total contrary, is rather on the path of using coercive means to sabotage the digital infrastructure of nations that are least concerned about the rising Chinese threat," the report stated.&nbsp;</p>

<p lang="EN-US" paraeid="{fcb70529-4be0-4cae-8e3e-d635278b3c81}{62}" paraid="828430584" >Also read |&nbsp;<a href="https://www.wionews.com/world/g20-meet-live-updates-us-president-will-seek-to-establish-red-lines-in-face-to-face-talks-with-xi-533875" hreflang="en">G20 Summit LIVE | Biden tells Xi hopes to avoid US-China 'conflict'</a></p>

<p lang="EN-US" paraeid="{fcb70529-4be0-4cae-8e3e-d635278b3c81}{174}" paraid="926876538" >Huawei has come under the scanner of a number of global institutions after it received subsidies worth $75 billion from the Chinese government. Hikvision, the company well known for creating surveillance equipment, also gained massively from the government as they received over $694 million.&nbsp;</p>

<p lang="EN-US" paraeid="{34e5329d-d74f-4995-ac80-2fa7c64a633d}{129}" paraid="1959496073" >Following the announcements regarding the subsidies, the United States went ahead and listed five Chinese companies including Huawei and Hikvision as “severe threat to national security”.&nbsp;</p>

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A new report claims that China is trying to damage the digital infrastructure of several countries and the authorities have employed various “coercive” measures to achieve that result.

A new report claims that China is trying to damage the digital infrastructure of several countries and the authorities have employed various “coercive” measures to achieve that result. The latest findings by Voice Against Autocracy pointed towards a potential network of Chinese technology firms that are helping the Communist Party in disrupting the system of foreign countries through global surveillance. Also read | Sri Lanka President announces budget; aims for a turnaround by the end of 2023 The biggest name that featured in the Voice Against Autocracy report were Chinese telecommunication firm Huawei. The company currently accounts for over 30 per cent of the global telecom market and it has also gained close than 100 contracts around the world when it comes to the 5G technology. As a result, it has a part to play in cyber security and Chinese authorities can be manipulating the sector. China with its peculiar objectives is attempting to by-pass the obstacle of convincing nations to entrust its rise but, on a total contrary, is rather on the path of using coercive means to sabotage the digital infrastructure of nations that are least concerned about the rising Chinese threat," the report stated. Also read | G20 Summit LIVE | Biden tells Xi hopes to avoid US-China 'conflict' Huawei has come under the scanner of a number of global institutions after it received subsidies worth $75 billion from the Chinese government. Hikvision, the company well known for creating surveillance equipment, also gained massively from the government as they received over $694 million. Following the announcements regarding the subsidies, the United States went ahead and listed five Chinese companies including Huawei and Hikvision as “severe threat to national security”.

China trying to  'sabotage' digital infrastructure of other countries: Report

<p>Speaking at WION Global Summit, Audrey Tang, Digital Minister, Taiwan explained how she worked with the Taiwan government in developing digital public infrastructure.&nbsp;</p>

<p>"When I first became the digital minister in 2016, there's a very important infrastructure bill being deliberated. I work with the ministry of culture to reclassify that digital public infrastructure, the civic infrastructure online as part of the infrastructure bill," &nbsp;Audrey told moderator Ali Aslan, International TV Presenter and Journalist in <a href="https://www.wionews.com/globalsummit/dubai-2021">WION's Global Summit in Dubai</a>.&nbsp;</p>

<p>Speaking at the session on "Digital Revolution: The World Goes Online", she also highlighted that the task was "unheard" of as infrastructure is "tangible" and what they hoped to achieve was in the digital domain.</p>

<p><strong>Also read | <a href="https://www.wionews.com/world/wuhan-virus-and-the-travails-of-being-a-pro-china-hong-kong-lawmaker-372793">'Wuhan virus' and the travails of being a pro-China Hong Kong lawmaker</a></strong></p>

<p>She said when they finally received government funding for implementing the idea, they were able to build digital parks "equivalent" to national parks, &nbsp;</p>

<p>"But by succeeding in government funding of using photogrammetry, videogrammetry to capture the heritage, cultural sites, we built equivalent of national parks, actually better than that because people can create their own experiences based on those assets," she said.&nbsp;</p>

<p><strong>Also read | <a href="https://www.wionews.com/world/respect-human-rights-and-dignities-taiwans-former-defence-minister-to-china-at-wion-global-summit-372787">'Respect human rights and dignities': Taiwan's Former Defence Minister to China at WION Global Summit</a></strong></p>

<p>She also hoped that the idea of "connected spaces and digital public infrastructure" will gain a lot of attention as it "resonates" with the regulatory infrastructure required to give people more choices.</p>

<p>Audrey added that this will lead to less dependency on the private sector and anti-social websites as part of social platforms.&nbsp;</p>

<p>However, the digital minister added that the idea needs investment.&nbsp;</p>

<p>"In order to make civic life worth internationally, we also need investment into digital public infrastructure," Audrey said.&nbsp;<br />
&nbsp;</p>


Speaking at WION Global Summit, Audrey Tang, Digital Minister, Taiwan explained how she worked with the Taiwan government in developing digital public infrastructure.

Speaking at WION Global Summit, Audrey Tang, Digital Minister, Taiwan explained how she worked with the Taiwan government in developing digital public infrastructure. "When I first became the digital minister in 2016, there's a very important infrastructure bill being deliberated. I work with the ministry of culture to reclassify that digital public infrastructure, the civic infrastructure online as part of the infrastructure bill," Audrey told moderator Ali Aslan, International TV Presenter and Journalist in WION's Global Summit in Dubai. Speaking at the session on "Digital Revolution: The World Goes Online", she also highlighted that the task was "unheard" of as infrastructure is "tangible" and what they hoped to achieve was in the digital domain. Also read | 'Wuhan virus' and the travails of being a pro-China Hong Kong lawmaker She said when they finally received government funding for implementing the idea, they were able to build digital parks "equivalent" to national parks, "But by succeeding in government funding of using photogrammetry, videogrammetry to capture the heritage, cultural sites, we built equivalent of national parks, actually better than that because people can create their own experiences based on those assets," she said. Also read | 'Respect human rights and dignities': Taiwan's Former Defence Minister to China at WION Global Summit She also hoped that the idea of "connected spaces and digital public infrastructure" will gain a lot of attention as it "resonates" with the regulatory infrastructure required to give people more choices. Audrey added that this will lead to less dependency on the private sector and anti-social websites as part of social platforms. However, the digital minister added that the idea needs investment. "In order to make civic life worth internationally, we also need investment into digital public infrastructure," Audrey said.

WION Global Summit: How Taiwan developed digital public infrastructure

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