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After Paytm, Amazon starts physical KYC verification

Post Supreme Court’s verdict of restricting Aadhaar usage by private entities, tech giants are setting up physical infrastructure to provide KYC (Know-your-customer) services for users. For example, Paytm put many on-ground executives for completion of users’ KYC process post the verdict. Amazon has also started rolling out doorstep KYC services for its e-wallet users especially after RBI mandated the collection of all verification-related information of users before February for e-wallets. Smaller e-wallet players are finding it difficult to convert their existing users to KYC compliant users as the Aadhaar option would only cost a fraction of physical verification.

Read More at The Economic Times News date : 11 Jan 2019, Friday

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