Data is increasingly becoming a reality: UIDAI's Nandan Nilekani

“Data is increasingly becoming a reality. If I opt for cashless payment, there will be data on my payments now. But when I talk about the use of data, I am talking about it with the consent of the customer. It’s not using a person’s data without his permission.

For instance, I come to you for advice to build a holistic portfolio for my investments. You say, “Okay, can you give me a history of your data?” So, I voluntarily give you my bank statement and other details. Everything is done voluntarily with the consent of the user. That is very important.”.