India will be utilizing the world's largest biometrics database, Aadhaar, to implement smart health cards for its senior citizens; senior citizens will be receiving an Aadhaar-based smart card; the cards will include information on their health, healthcare and healthcare history; the Aadhaar smart cards will also have payment processing capabilities; the government will test the use of the Aadhaar smart cards in 15 districts during the 2017-2018 fiscal year. Source
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Aadhaar
India has fast become one of the world's most interesting fintech markets; at LendIt USA 2017 we hosted a fireside chat focused on digital credit for the India population and how their biometric Aadhaar system plays a key role; a few key developments have helped the India population, the ease of acquiring a smartphone and the Aadhaar system; Aadhaar started with an investment by the India government eight years ago and today there is one billion Indians who have an Aadhaar number with key identifiable pieces of information; the government then began linking Aadhaar with the banking system and enlisted fintech firms to begin extending microloans to individuals and SMEs; Aadhaar helps to solve the biggest issue with lending, KYC, by using a retina scan or biometric signature to verify the borrower; the fireside chat also talked through how the lending process worked with Aadhaar and how it has helped to extend credit to a segment of the population that only a few years ago was unable to access capital. Source