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This Diwali, users of Indian mobile wallet major, MobiKwik can win gold worth Rs 1 lakh on QR Code transactions. (File Photo)

MobiKwik to invest Rs 400 cr in 5 yrs on KYC compliance

MobiKwik plans to do Aadhaar-based e-KYC and will be contracting over 7,000 field staff for the same.

26 Oct 2017 3:54 AM

Paytm Payments Bank is one of major digital payments banks in India. (Photo: PTI)

Paytm Payments Bank aims to reach over 500 mn wallets in 3 years

Company also aims to add over 10,000 KYC personnel to its existing workforce to achieve this target.

24 Oct 2017 6:18 AM

A man gets his retina scan done at an Aadhaar enrollment centre. (Photo: PTI)

Aadhaar linkage with bank accounts must: RBI

Central bank denies media reports and cites Official Gazette published on June 1, 2017.

21 Oct 2017 11:24 AM

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Not KYC, 'know your employee' too to check frauds: CVC to banks

Banks have to take extra care to have continuous vigil on their staff.

11 Sept 2017 11:21 AM

Digital payments by mobile wallets bring in convenience with a few clicks, tendering exact change, and so on.

Niti Aayog to hold meeting with digital payments industry on KYC issue

Niti Aayog had requested ITU to help India in the digital payment space as well as capacity building.

12 Nov 2018 11:48 AM

The Delhi Court on Wednesday sought the Centres and tax authority CBDTs response on a plea opposing the requirement of quoting Aadhaar number or linking it with PAN in e-filing tax returns.

Payments industry wants RBI to allow facial recognition software to...

Industry is also keen on having a flexibility in regulations, where small value transactions using PPIs should not need...

27 Feb 2019 12:07 PM

80% of bank accounts and 60% of mobile connections have been linked with Aadhaar, according to a UIDAI official .

UIDAI budget allocation for 2019-20 lowered to Rs 1227 crore

The budgetary allocation for UIDAI for the current fiscal ending March 2019 was Rs 1,345 crore .

3 Feb 2019 9:50 AM

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Banks can use Aadhaar for KYC with customer's consent: RBI

RBI said that 'Proof of possession of Aadhaar number' has been added to the list of Officially Valid Documents.

30 May 2019 4:05 AM

George Alexander Muthoot, the managing director of Muthoot Finance said, 60 per cent of the issue is allocated to retail and high networth individual investors.

Muthoot Finance offers loan of up to Rs 10 lakh to salaried class in...

Muthoot Finance will give unsecured loans of Rs 1-10 lakh at an interest rate of 13.5-23 per cent to salaried class...

21 May 2019 12:43 PM

This existential problem, untouched for half a century, led FRSLABS to create the digital KYC solution called KYZO.

Now KYZO lets you handle the paperwork like a pro

Know Your Customer' or KYC', follows a common man like a shadow for a range of rights and services.

24 July 2019 9:08 AM

Pension Fund Regulatory and Development Authority (PFRDA), in October 2013, had allowed acceptance of e-KYC as a valid process for Know Your Customer verification in addition to the other permitted ID and address proof.

Govt to allow Aadhaar-based KYC for retail investors

The government said the Depository Receipt Scheme 2014 is expected to be operationalised soon by Sebi.

24 Aug 2019 5:34 AM

RBI has advised banks and other regulated entities not to take restrictive action against customers till the fiscal end. (Photo: PTI)

RBI extends deadline for periodic KYC update till March 31

Earlier in May, the RBI had extended the last date for updation of KYC by regulated entities till December-end

30 Dec 2021 9:44 AM