Anonymous ID: 000000 July 1, 2023, 10:44 a.m. No.19105798   🗄️.is đź”—kun

Coming to America? World Economic Forum Lauds India’s Biometric Digital ID System Tied to Digital Payments

The World Economic Forum is lauding India’s Unified Payment Interface (UPI) for revolutionizing digital payments and cited that it has saved the Indian economy approximately $67 billion since its inception in 2016. However, the praises might overshadow grave concerns regarding privacy and civil liberties tied to the Aadhaar-based digital payment system that is linked to a digital ID.

 

India’s UPI, which is linked to the Aadhaar biometric identification system, has undoubtedly skyrocketed the number of financial transactions. With a staggering 48.6 billion transactions processed in 2021, India leads the world in real-time payment transactions. While the system has brought in economic savings and efficiencies, it is imperative to address the potential threats to personal privacy and civil liberties.

>https://conservativeplaybook.com/2023/07/01/coming-to-america-world-economic-forum-lauds-indias-biometric-digital-id-system-tied-to-digital-payments/

>https://www.weforum.org/agenda/2023/06/india-unified-payment-interface-impact/