Tag: kyc
RBI makes six amendments to know-your-customer (KYC) rules; check details
The Reserve Bank of India (RBI) has announced amendments to the Master Directions on Know Your Customer (KYC) on November 6, 2024 and the amended…
Aadhaar to be common framework to onboard customers for financial products: Senior RBI official
Aadhaar- the 12-digit unique identity number issued by the Unique Identification Authority of India (UIDAI)- will serve as a common framework for KYC or know…
FASTag gets new KYC and vehicle detail linking rules from August 1, check details
Aug 01, 2024 02:23 AM IST The deadline for complying with all the new FASTag KYC and vehicle detail linking rules is October 31, 2024…
RBI proposes new ways to authenticate e-payments
The regulator, in draft guidelines, said that all digital payment transactions, other than card present transactions, will have to ensure that one of the factors…
RBI imposes penalties on 3 payment system operators
Mumbai: The RBI has imposed penalties on payment system operators Visa Worldwide, Ola Financial Services and Manappuram Finance for deficiencies in regulatory compliance. A penalty…
KYC: Take KYC seriously: RBI’s clear message to fintechs
The Reserve Bank of India wants fintech startups to strictly follow the customer verification guidelines while onboarding new clients. Central bank officials conveyed this message…
Paytm crisis: FM Nirmala Sitharaman asks RBI, fintechs to hold monthly meetings in wake of Paytm crisis
Finance Minister Nirmala Sitharaman has asked regulators to hold monthly meetings with startups and fintech firms to address their issues and concerns while emphasising strict…
RBI allows prepaid wallets, cards without KYC, to pay for rail, metro, bus, toll, parking; how it works
The Reserve Bank of India (RBI) announced that it will now allow licenced bank and non-bank Prepaid Payment Instrument (PPI) issuers to issue PPIs for…
Paytm KYC: Likely buyers eye fresh KYC of Paytm merchants
While multiple banks are interested in taking over the payments business from Paytm Payments Bank, they are wary of source of funds in its nodal…
Paytm bank: Fintechs parse KYC processes as Paytm bank saga plays out
The developments around Paytm Payments Bank have become a wakeup call for the fintech industry, which is also saddled with many issues around the customer…