India recently passed the U.S., as it became the second-largest smartphone market in the world after China. The Country has made amazing improvements in identity, data collection and money transfer technologies, in order to address the massive population of unbanked. Today 80% of the population has an Aadhaar number - 12 digit government issued identification number, which allows easier connectivity and the ability to carry out p2p money transfers through two user Aadhaar numbers. These are great steps towards reaching financial literacy and connecting emerging markets to financial services.