Summary
It lets anyone prove who they are on a phone, like a magic ID card. 📱
All the banks and shops can use the same safe system, so things work faster. 🚀
New towers and fast internet are reaching almost every village. 📡
Key Points
5 points1
A nationwide digital system connects banks, government and people.
2
It uses a special online ID that works on any phone.
3
A payment network lets 720 banks send money instantly.
4
A benefit program sends money straight to families without middlemen.
5
Fast mobile networks now cover almost every village.
New Words to Learn
8 wordsinteroperable
able to work together with other systems
infrastructure
big things like roads, bridges, or computer networks that help a country work
authentication
checking that someone is really who they say they are
verifiable
can be checked to be true
consent
giving permission
fintech
new technology that helps with money and banking
modular
made of separate parts that can be put together
open‑source
software that anyone can see and change
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Kid-friendly voice