This post provides an overview of major Aadhaar KYC related developments in the last year. It covers expansion of Aadhaar e-KYC access to non-banks and the framework for offline Aadhaar verification. Know-thy-customer is the first commandment of the financial services industry. And Aadhaar-based KYC is one of the most convenient and cost effective ways to execute this commandment.Read more
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Most digital/IT related services have survived the negative economic impact of the ongoing COVID-19 pandemic. However, with a sharp drop in e-commerce and online travel and event booking transactions, the digital payments industry has been hit hard by the COVID-19 lockdown in the last 2 months. UPI transactions decreased from 1.3 million in December 2019Read more