Prof. Anupam Saraph, a Systems Thinker and Thought Leader at Symbiosis Institute of Computer Studies and Research based in India participate in Risk Roundup to discuss India’s Aadhar Payment System and Universal Payment Interface.
India: Aadhar Payment System and Universal Payment Interface
Since cash seems to be no longer the dominant payment method across nations, the competition in digital payment methods is getting fierce. As a result, nations are going through a fierce battle between different modes of digital payment systems and payment interfaces.
Now as nations experience a rapid and growing use of diverse digital methods of recording, managing, and exchanging money in commerce, investment, and day to day life– it is important to understand and evaluate:
- which technologies, payment systems, and interfaces are leading the evolution in digital payments across nations?
- whether nations are prepared for the rapidly emerging payment systems and cashless economy?
Since India’s Aadhaar payment system has been troubled by performance issues, lack of transparency, security, fraud, and rule challenges; the growing uncertainty around the system perhaps centers largely on a decision about the legality of the system itself. Time is now to evaluate whether the Aadhar system will ever be safe and secure without an effective legal framework, regulation, and/or institutions?
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About the Guest
Anupam Saraph is a future designer recognized as a global expert on complex systems. As a future designer and a global expert on complex systems, he helps individuals and organizations understand and design the future of their worlds. Together they address the toughest challenges, accomplish missions and achieve business goals. He also supports building capacity to address the challenges of today as well as to build future designs through teams and effective leadership. He is also widely known for pioneering work on designing urban nervous systems for smart cities, digital governance innovations, educational reforms, and reforms for designing sustainable and resilient organizations. Anupam Saraph also supports building capacity to address the challenges of today as well as to build future designs through teams and effective leadership. He works with business and government executives, civil society leaders, politicians, generals, civil servants, police, trade unionists, community activists, United Nations and ASEAN officials, judges, writers, media, architects, designers, technologists, scientists, entrepreneurs, board members and business leaders of small, mid and large single and trans-national companies, religious leaders and artists across a dozen countries and various industry sectors to help them and their organizations succeed in their missions. He advises the World Economic Forum through its Global Agenda Council for Complex Systems and the Club of Rome, Indian National Association as a founder life member. Dr. Saraph has held CxO and ministerial level positions and serves as an independent director on the boards of Public and Private Sector companies and NGOs. As a Professor of Systems, Governance and Decision Sciences, Environmental Systems and Business he mentors students and teaches systems, information systems, environmental systems, and sustainable development at universities in Europe, Asia, and the Americas. Dr. Saraph is also actively engaged in a civil society where he participates in several environmental, resource, and nature conservation initiatives has authored draft legislation for river and natural resource conservation, right to good governance, and has contributed to the election and democratic reforms. Dr. Saraph is a regular columnist in newspapers and writes on issues of governance, future design, technology, and education from a systems perspective. Dr. Saraph holds a Ph.D. in designing sustainable systems from the faculty of Mathematics and Natural Sciences of the Rijksuniversiteit Groningen, the Netherlands.
About the Host of Risk Roundup
Jayshree Pandya (née Bhatt), Founder and CEO of Risk Group LLC, is a scientist, a visionary, an expert in disruptive technologies, a Forbes contributor and a globally recognized thought leader and influencer. She is actively engaged in driving global discussions on existing and emerging technologies, technology transformation, and national preparedness.
From the National Science Foundation to organizations from across nations, Jayshree is an invited speaker on emerging technologies, technology transformation, digital disruption, strategic security risks, industry risks, and country risks. She is the author of the book, The Global Age: NGIOA @ Risk and has also published many scientific and technical papers. Jayshree advises decision-makers at all levels on existing and emerging technologies: emerging applications, impact, and solutions.
About Risk Roundup
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About Risk Group
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