Though, experts say, issues in procurement will still have to be ironed out before large-scale participation by IT companies is seen.
The government said it collected more than Rs 10,000 crore by leveraging data analytics in the non-filers monitoring system.
Brock Pierce said that Bitcoins could transform the remittances business in the country and the digital currency could gain increasing acceptance in India.
The minister said the railways was looking at tapping its vast data of customer data as part of the monetization strategy.
"We will use latest drone and geo-spatial based satellite technology for remotely reviewing the physical progress across major projects," Prabhu said.
The additional NPCI contracts will be serviced over the next three to five years, the company said in the statement.
The partnership is aimed at getting people trained data science and analytics through instructor-led training, e-learning, and industry projects.
L&T Infotech plans to seek board approval to invest in technology startups that the IPO-bound firm hopes will help boost its digital offerings.
Infosys is working on a pilot with 10,000 people where it has broken down its five-layer organizational structure into a two-tiered one.
Financial services companies have typically had to build their own data centres, or use more expensive third party providers.
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