Policy Wrap : Aadhaar now open for eKYC, RBI’s 2021 vision document sees digital payments rise

Payal Ganguly

Fintech companies can now avail of Aadhaar-based eKYC In a circular dated May 9, the department of revenue, under the Ministry ....

17 May, 2019

Mobile banking grows but m-wallet growth slows in 2018-19

Payal Ganguly

The volume of mobile banking transactions jumped 230% to around 6.2 billion during the financial year 2018-19, Reserve Bank of ....

14 May, 2019
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RBI allows banks to use debit cards, net banking for auto-debit

Payal Ganguly

The central bank has okayed the use of debit cards and net banking for auto-debiting of amounts towards recurring payments, said ....

26 April, 2019

Fintech lobbies approach RBI with alternatives to Aadhaar-based eKYC

Payal Ganguly

Industry bodies representing fintech companies have approached the Reserve Bank of India (RBI) with alternatives to Aadhaar-based ....

7 February, 2019

Amazon Pay rolls out doorstep KYC verification for wallet users

Payal Ganguly

Amazon Pay has started making doorstep visits to verify its users’ Know Your Customer (KYC) details. The digital wallet ....

11 January, 2019

After ban on Aadhaar-based eKYC, mobile wallet transactions show sequential decline

Payal Ganguly

Transactions using mobile wallets declined month-on-month for November 2018, both in value and volume, following a September judgment ....

8 January, 2019
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Fintech startups unlikely to gain from Bill to amend Aadhaar Act

Payal Ganguly

In the wake of the Supreme Court order banning mandatory use of Aadhaar ID by private firms, the central government has introduced ....

3 January, 2019

Flashback 2018: Policy moves that shook the startup ecosystem

Payal Ganguly

The year saw the powers that be take proactive measures to regulate and create a framework for emerging technologies, which took ....

24 December, 2018

RBI reveals why it barred Paytm Payments Bank from on-boarding new customers

Vijayakumar Pitchiah

The Reserve Bank of India debarred Paytm Payments Bank from onboarding customers in August due to a few breaches including ....

21 December, 2018

Govt to change laws to allow optional Aadhaar-based KYC

Payal Ganguly

The Union Cabinet has okayed proposed changes to laws in a bid to allow optional Aadhaar-based KYC for opening a bank account ....

18 December, 2018
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Suspension of e-sign mandates to delay loan processing time for fintech startups

Payal Ganguly

Digital lenders faced another roadblock as the National Payments Corporation of India has issued a circular, stating that e-sign ....

26 November, 2018

How Indian banks are using emerging tech to do more than just acquire customers

Shweta Sharma

In a bid to reduce costs, create product and service differentiation, and in turn, gain more market share in a crowded segment, ....

23 November, 2018

Improved 4G connectivity, Digital India to give birth to professional audio-visual revolution

Eleuterio Fernandes

India is emerging as one of the stars in the growing Asian market for professional audio-visual (proAV). It accounts for an eighth ....

18 October, 2018

With Aadhaar-based eKYC off the table, firms are finding workarounds

Payal Ganguly

Indian companies are exploring workarounds to meet Know-Your-Customer norms electronically in the wake of last month’s Supreme ....

18 October, 2018

Why the Aadhaar verdict is a roadblock for businesses collecting KYC details

Payal Ganguly & Shweta Sharma

When Delhi-based digital marketing professional Sudarshan Sahu requested digital wallet firm Paytm to complete his know your customer ....

26 September, 2018

Locked out of Aadhaar due to fading fingerprint? No sweat, say cheese!

Anirban Ghoshal

In a relief to those who can't pass Aadhaar biometric tests due to fading fingerprints, the Unique Identification Authority ....

24 August, 2018

TRAI chief RS Sharma, who took on Facebook and Apple, gets two-year extension

Reuters

Ram Sewak Sharma, the head of India's telecoms regulator who took on global giants Facebook and Apple, has been given two ....

9 August, 2018

UIDAI denies role after Aadhaar agency's 'helpline number' pops up in phonebooks

Anirban Ghoshal

The Unique Identification Authority of India (UIDAI) on Friday denied it had any role to play in a toll-free number purportedly ....

3 August, 2018

Govt access, localisation norms in data protection bill need rethink: CIS' Sunil Abraham

Anand J

The Centre for Internet and Society (CIS), a non-profit organisation, has been working on data privacy issues for a decade. Its ....

1 August, 2018

UIDAI restricts access to Aadhaar data for mobile wallets, cites security concerns

Anirban Ghoshal

The Unique Identification Authority of India (UIDAI), which runs India’s national identity card project Aadhaar, has curbed ....

4 June, 2018

At blockchain hackathon, startups propose system for decentralising Aadhaar data

Anand J

The Karnataka government has announced the names of 10 startups that won the state’s blockchain hackathon for ideas on protecting ....

16 February, 2018