2 min read.Updated: 21 Oct 2021, 12:21 AM ISTVijay Aggarwal
The market today is the perfect playing ground for firms to disrupt the status quo
It seems like a lot of time has passed since one can remember a shopping experience involving soiled currency notes, but it is not even a decade-old phenomenon. The India Stack that came into effect in 2016 has integrated with both merchant and customer behaviour. The popularity of digital payments and managing businesses online has become second nature for most shopkeepers across the country. Accelerated by the pandemic, a vast formal and informal economy has formed around digital transactions built on the India Stack that provides a distinct digital identity to the user. As a pack of functional public digital platforms such as Aadhaar, the India Stack brings on public and private entities to operate within the robust regulatory infrastructure of the Reserve Bank of India (RBI).