3 min read.Updated: 14 Oct 2016, 02:25 PM ISTLivemint
The private sector's critical role in the digital age has complicated the position of the state
Nandan Nilekani has used a fine analogy to compare the new digital payments network in India with its peers in other parts of the world. He told this newspaper that the Unified Payments Interface (UPI) is like a highway without tolls while countries such as China or the US have walled gardens in which private companies control access to payments networks. Nilekani has touched upon an issue that we had commented on in these columns earlier.