UIDAI suspends Airtel Payments Banks e-KYC licence

Wednesday 20 December 2017 10:07 CET | News

The UIDAI has suspended Airtel Payments Bank and its Aadhaar based SIM verification of mobile customers using e-KYC.

As a result, Airtel would not be able to operate the task of electronic verification or link the 12-digit biometric national ID Aadhaar with its new customers for the time until it is suspended. Also, the Airtel Payments Bank will not be able to open a fresh account through paperless e-KYC. However, accounts can be opened through alternate methods, if available.

Bharti Airtel was accused for using the Aadhaar e-KYC based SIM verification process to access payments bank accounts of its holder without their knowledge. Furthermore, the UIDAI also actively objected to the plea that such payments account is being linked to LPG subsidy.

The penalty will be based on the numbers of the day the rules were violated and could be around 2 crores, according to Mobigyaan.

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Keywords: UIDAI, Airtel Payments Bank, eKYC, biometrics, digital identity, India, Aadhaar
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime

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