Kono Taro, the minister of digital affairs for Japan, stated on Thursday that the Japanese government is seriously considering integrating with India’s UPI payment system.
Minister Taro explained that Japan and India are working to promote digital cooperation to WION’s correspondent Sidhant Sibal. “We are seriously considering implementing the UPI payment system in India and are also thinking about how to mutually recognise EID, beginning with cooperation to improve interoperability”
He also added: “The G7 decides to create a new framework for cross-border data flow with a new secretariat, and we are hoping that the Indian government will join this framework.”
Minister Taro discusses Japan-India digital collaboration, UPI implementation, and mutual recognition of EID
When discussing India’s digital revolution, the Japanese minister said he was surprised to see India outpacing other nations in this area. UPI, according to Taro, is a “very convenient system of payment” that “can increase interoperability between governments”. He suggested that it “could be another standard of cross-border payment.”
The minister also discussed artificial intelligence and the rising issues and possibilities it presents. He emphasised the need to control and stop the spread of fake news that uses AI.
“AI is developing quickly. The G7 is attempting to create a forum where we can talk about how to control and stop some elements’ malicious behaviour. AI presents a fantastic opportunity for democratic nations, but it also carries some risks. We are concerned about how it will affect democracy.” He urged world leaders to sit together and discuss how to control and stifle the spread of fake news using Artificial Intelligence.
Reduce the negative effects of China’s dictatorship
Japanese Minister Taro commented on the growing problem of hacking and China’s alleged sponsorship of such attacks, saying, “We just had our bi-elections at the national level and there were a lot of interventions amid the polls. To lessen the effects of the Chinese dictatorship’s interference, we must exercise extreme caution and think of innovative solutions.“
He also praised the collaboration between India, Japan, and the QUAD and expressed the hope that the two countries with UPI economies could cooperate on digital payments.
The Japanese minister went on to say that QUAD is probably going to gain a lot more prominence in world politics. He declared, “QUAD is going to be more important, and we also need to build more trust between the four countries.”
He added that it is concerning that Chinese authorities are acting aggressively on the Indian subcontinent.
“In the past 30 years, China has increased its defence spending 42-fold. Additionally, they frequently violate the boundaries of these waters. The Indian border has also seen them engaging in the same behaviour. We must exercise extreme caution. For East Asia to remain peaceful, QUAD is crucial, according to Minister Taro.