INDIA STACK India and Trinidad and Tobago had signed a partnership for the INDIA STACK for the open APIs and digital resources for identification, data, and payment services which will be designed to enhance identity, data, and payment services on a large scale.
In a significant partnership, India and Trinidad and Tobago had to enter into the partnership by signing a Memorandum of Understanding (MoU) to share the renowned INDIA STACK technology. In the official realase, the agreement was signed in the presence of officials from the Ministry of Electronics and IT (MeitY), the National E-Governance Division, and the Ministry of External Affairs. In the past development, India had signed in a pact with Armenia, Sierra Leone, Suriname, and Antigua and Barbuda In the significant development, Indian UPI gained recognition and acceptance in countries like France, UAE, Singapore, and Sri Lanka. India Stack is the largest open API in the world, where since its deployment, India has been organizing hackathons to develop applications for the APIs
INDIA STACK Stats
|Total number of digital identity verifications||67 billion|
|INR total value of monthly real-time mobile payments||14.05 trillion|
|Total volume of monthly real-time mobile payments||8.6 billion|
|Operational Account Aggregators||10|
Who owns India Stack?
India Stack is owns by different agencies. For example Aadhaar products such as e-auth and e-KYC are owned by the Unique ID Authority of India.
When was India Stack founded?
India Stack was founded in 2009 on the Aadhaar “Universal ID” numbers.