Swipe through the latest business and wealth clues with our android app

Amazon Pay begins doorstep KYC services as RBI deadline nears

RBI had directed Prepaid Payment Instrument (PPI) issuers to ensure all accounts were KYC compliant “on or before February 28, 2019. Amazon Pay has also started doorstep know-your-customer (KYC) services for its mobile wallet users. The move comes after the Supreme Court’s September 26, 2018 verdict on Aadhaar which barred the use of Aadhaar biometrics data by private companies such as banks. In the case of a customer consenting to use Aadhaar card, it can only be used as an ID or Address proof like other documents but not for biometric verification or e-KYC.

Read More at INC42 News date : 11 Jan 2019, Friday

©2019 TheNewsClues