Nandan Nilekani, former chairman of the Unique Identification Authority of India (UIDAI), the government agency in charge of Aadhaar, recently gave an interview where he claimed that India is now on the cusp of transformation in banking and payments due to the expansion of the biometric database. Aadhaar, recognized as the world’s largest universal Civil ID program and biometric database, is used by the Indian government to provide social services. To date, Aadhaar has issued over 900 million Aadhaar numbers,
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