Govt initiates reforms in KYC process for telecom subscribers
The government has launched multiple telecom reforms simplifying the KYC process for subscribers and service providers. As per Ashwini Vaishnaw,
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KYC
RBI issues Master Directions on Prepaid Payment Instruments (PPIs)
The Reserve Bank of India (RBI) in its notification dated 28th August 2021 issued Master Directions on Prepaid Payment Instruments
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RBI asks banks not to stop customers & exchanges from dealing in crypto
After reports that several banks are forcing crypto exchanges and traders to stop trading in cryptocurrency, the Reserve Bank of
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Govt. advises DTH, Internet TV operators to adopt DigiLocker for KYC
The Government of India has implemented the DigiLocker project in many of its schemes. Through the service, citizens can get access
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DoT proposes OTP based conversion of Prepaid connections to Post-paid
The Department of Telecommunication (DoT) in its notification dated 21st May, 2021, has released a Proof of Concept (PoC) for
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PPIs interoperability to be achieved by March 2022: RBI
RBI has issued a notification mandating interoperability amongst Prepaid Payment instruments (PPI) cards and PPI e-wallets issued by banks and non-banks. The interoperability should be enabled
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SBI enables video based KYC on YONO app for opening account
Customers looking to open a savings bank account with the State Bank of India need not visit a bank branch
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RBI Increases deposit limit for Payment Banks, New Measures for PPIs
On 7th April, 2021, the RBI released its Statement on Developmental and Regulatory Policies and has decided to increase the deposit limit for payment
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