To increase digital connectivity and make governance more transparent, Digital India initiative has launched some amazing projects. Here are 12 of them.

The governance will shift from fom e-governance to m-governance where “M is not Modi Governance, it is mobile governance,” said Modi. The initiative aims to bring big investments in the technology sector and this Rs 1.13 lakh crore initiative will help in creating a participative, transparent and responsive government.

Here are some key initiatives which form a part of Digital India week-

1. Digi Locker DI1.jpg

The service was launched as an important facility to store crucial documents like Voter ID Card, Pan Card, BPL Card, Driving License, education certificates, etc. in the cloud.

2. MyGov.in DI2.jpg

The portal works as an online platform to engage citizens in governance through a “Discuss”, “Do” and “Disseminate” approach.

3. eSign Framework
aadhaar

This initiative would enable users to digitally sign a document online using Aadhaar authentication.

4. Swach Bharat Mission mobile app
DI4.png

The app will enable organizations and citizens to access information regarding the cleanliness drive and achieve the goals of the mission.

5. National Scholarship Portal
DI5

The governance will shift from fom e-governance to m-governance where “M is not Modi Governance, it is mobile governance,” said Modi. The initiative aims to bring big investments in the technology sector and this Rs 1.13 lakh crore initiative will help in creating a participative, transparent and responsive government.

6. eHospital

DI6.jpg

Online Registration System under this initiative enables people to avail services like online registration, payment of fees and appointment, online diagnostic reports, checking on the availability of blood online, etc.

7. Digitize India Platform
name plate.jpg
This initiative will involve digitization of data and records on a large scale in the country to make easy and quick access to them possible.

8. Bharat Net

DI10

Under this initiative, a high-speed digital highway will connect all 250,000 gram panchayats of the country. This is the world’s largest rural broadband project using optical fibre.

9. Wi-fi Hotspots

DI9.jpg
Photo: trak.in

Development of high speed BSNL wi-fi hotspots throughout the country is yet another initiative to improve digital connectivity in the country.

10. Next Generation Network

DI12

Launched by BSNL, this service will replace 30-year old telephone exchanges to manage all types of services like voice, data, multimedia and other types of communication services.

11. Electronics Development Fund

DI11
Photo: newshunt.com

The fund will be set up to support the manufacturing of electronics products that would help create new jobs and reduce import. The funds will promote innovation, research and product development to create a resource pool within the country.

12. Centre of Excellence on Internet of Things (IoT)

DI8
Photo: http://www.technify.in

In partnership with NASSCOM, DeitY and ERNET in Bangalore, Centre of Excellence will enable rapid adoption of IoT technology and encourage a new growth strategy. IoT will help the citizens in services like transport system, parking, electricity, waste management, water management and women’s safety to create smart cities, smart health services, smart manufacturing and smart agriculture .

PAYSE

How to use the Purse and PaySe?

The Purse has Bluetooth and NFC connectivity options. These options will let you connect to other Purses in a secure manner. The device has a Passcode unique to each Purse and the same needs you to enter it each time you initiate a transaction. That makes it a secure connection in itself.

The Purse comes with four buttons – Pay, Receive, Delete and On/Off Switch. It also contains a small screen and a keypad to enter transaction amount or passcode.

Cardholders will need to transfer money to their Purse from their bank accounts using an online transfer. You can transfer any amount that you would wish to. The balance that can be maintained depends on the KYC you submit. The maximum balance with the minimum KYC would be Rs. 10000. If you opt for maximum KYC, you will be able to maintain a balance of Rs. 1 Lakh.

To make the payment, you can either use Bluetooth or NFC to connect two Purses securely. Once that done, just press Pay button and enter the transaction amount and the passcode. The merchant will press Receive and get the transfer done.

But, will the prospective consumers be ready to buy the Purse? The fact that both the parties need to have the device makes it a choice that may not go down well with most of the users. PaySe has alternatives to this. However, one should note that Purse offers you security.

Alternatives to Purse

Well, like Ashutosh Pande, the founder and Chief Innovation Officer of PaySe says PaySe plans to address the issue of consumers not willing to invest in the hardware. He says,

“We needed secure memory. Right now, some high-end phones do have secure memory, and as this becomes more commonplace, we’ll be able to look at phones as a solution.”

PaySe has another idea planned. PaySe will work with a secure microSD card. This special microSD card can be inserted into any smartphone that supports expandable storage. You can use it as a regular memory card, but it will have a separate partition that will be used for PaySe.

There are plans to make use of newer technologies like finger print scanners for the purpose. Ashutosh Pande the founder and Chief Innovation Officer says,

“NFC, fingerprint scanners, these technologies are becoming more commonplace, and can be used to make PaySe easier to use and more widespread.”

 

Will it really replace cash and mobile wallet?

The mobile Wallets like PayTM or such other services need you to go online. Your device connects to the server that moves your money from your account to another account. That is what is called Hub and Spoke model in the finance circles. On the other hand, PaySe works in a true peer to peer (P2P) model.


google image

Mobile Wallets cannot be used as the real money. Like you won’t be able to use them if you have no connectivity. PaySe can be used in such situations quite easily. Suppose you have lent some money from your friend and you have a smart card that is loaded with the requisite amount. You just hand over the card to him and done. It would be as good as you have returned the cash. PaySe does not take into account who has the tokens. It only checks the genuineness of a token.

The Future

PaySe has been checking a lot of alternatives. The service will soon come out with a phone based system. It will make use of secure microSD card. However, this option can only work with select smartphones.

PaySe is also considering an encrypted NFC card. The smart card can work in place of the Purse. It will cost you just around Rs. 100.

“This wouldn’t be as functional as a mobile solution or the Purse, but if you only want to use it for payments, then you could use it the way you use your Metro card,”

Tests are on for all those options. We may soon find PaySe coming up with those or many more other alternatives to handle physical cash.

Finally…

The technology behind PaySe is indeed impressive. And it makes sense too. The biggest doubt, however, is whether a consumer will be ready to get another standalone device. There are many wallets that offer tie-ups with different services. Surpassing them could be a big challenge for PaySe. It could, however, be early days to predict the future of the service. We may need to wait till PaySe becomes competitive enough on the face of competing mobile wallets

PAYSE

What is PaySe?
PaySe is an offline digital cash solutions technology. It works on the principle of crypto currency. It can be compared to bitcoin – but with a difference.  Bitcoins need to be mined from the crowdsourcing concept. While in PaySe, the company itself creates the Tokens and offers them to you to use as you would use the physical cash. The concept will reduce the costs associated with physical cash handling by replacing it with the digital currency.

Once you are registered with the service, you need to transfer the money from your cards to the portable device called Purse in an online mode. You will then transfer it to the merchant in an offline mode. The device will work with both NFC environment or through Bluetooth technology.What makes these tokens practical is the fact that it can be used just like physical cash. You would be able to transfer it the way you would exchange cash from one person to the other. The bearer of the tokens can later take them out of the digital form back into the bank account through an online transfer.But yes, you will need to buy a portable device named Purse to use the service. The Purse is a PIN enabled device that stores your offline cash. To find more on it, read on.
15700-1-PaySe

The Purse
The Purse is a PIN enabled pocket sized device. In fact, PaySe is designed around the concept of Tokens and a device that acts as a pocket or reservoir for your tokens. The device – the Purse – is of the size of a credit card and with the thickness of a phone acts as your physical wallet.
The Purse gets connected to another Purse and enables the transfer of tokens between the two Purses. The partner companies have been entrusted with the responsibility of distributing the device. The Purse assumes a legal value as it comes under the guidelines by the Reserve Bank of India.
The Purse will cost Rs. 1000 to the consumer. The merchant version of the Purse will cost Rs. 2000. The distribution partners can subsidize the cost if they so wish.

payse_purseImage courtesy : google

 

Payse 

-What is Payse ? 
•Payse is innovatively designed multi channel solution that will work as a technology backbone for almost every industry which need cashless solution with an ease of cash.

– Why Payse ? 

• secure 

• allows for real time peer to peer atomic transaction 

• convenience 

• works offline

• Use it anytime anywhere
Payse – Pay in smarter way worlds first offline cash solution 

Award winning innovation 

( Contest by RBI)