Aadhaar

Telecom players may opt for QR-based KYC method instead of Aadhaar

UIDAI directed that companies will have to pay fee for each KYC process

According to COAI, Aadhaar KYC is too expensive for telecom companies

Nagaland Startup Policy 2019 aims to house 500 startups in next 5 years

President approves Aadhaar and other laws amendment Ordinance

The National Policy on Software Products 2019 to help 10K startups

Latest Aadhaar amendment gives conditional access of personal data to private cos

This data will now be charged at INR 20 per transaction, UIDAI said

Govt entities and the Department of Posts have been exempted from the charges

Aadhaar can be used voluntarily for opening bank accounts and getting sim cards

This amendment counters SC’s ruling which barred private companies to seek Aadhaar details from users

The Aadhaar amendment bill was introduced by MeitY during the winter session in January

Deadline for complying with KYC norms was Feb 28, 2019

The deadline has now been extended by six months

The financial companies were mandated to authenticate user identity through KYC process

Details such as names, addresses and the Aadhaar numbers were leaked

This is the second Aadhaar data breach reported this month

The leak happened on the Indane website

Reported Aadhaar data breach has details as far back as 2014

French security researcher Elliot Alderson helped in uncovering the leak

The SBI recently alleged that UIDAI data has been misused to generate unauthorised Aadhaar cards

Startups expect FM to reduce the compliance burden and ease working capital blockages

Online lending platforms demand access to MUDRA like low-cost fund schemes

Funds need to be allocated towards the adoption of new technologies, say startups

More and more Indians will continue to turn to the internet to solve their money management problems

The only way forward for fintech is paperless

PMLA amendments will pave way for the voluntary use of Aadhaar

RBI had directed PPI issuers to ensure all accounts were KYC compliant “on or before February 28, 2019

Post-Supreme Court's Aadhaar verdict, doing KYC has become tougher

Amazon Pay is also testing its UPI Pay platform

The proposal has been made by Union Minister Ravi Shankar Prasad

It aims to avoid duplication of driving licences and help nab the guilty in road accident cases

The recent Aadhaar Amendment Bill allows voluntary use of Aadhaar by users to establish their identity

UPI recorded 3 Bn transactions in 2018

Madras High Court stays ban on the online sale of medicines

RBI lifts ban on Paytm Payments bank