Mobile wallets have to comply with February-end KYC deadline, says RBI

RBI said the KYC was designed to strengthen safety and security of transactions and customer protection

Premium

Mumbai

Last Updated : Feb 27 2018 | 0:29 AM IST

The Reserve Bank of India (RBI) on Monday said prepaid payment instrument (PPI) issuers or mobile wallets would have to comply with the know your customer (KYC) guidelines by February

First Published: Feb 27 2018 | 0:29 AM IST

Explore News

Stock Market Updates IIT Madras - Ericsson Partner Stock To Watch Today Latest News Live Rozgar Mela Asian Games 2023 LIVE UPSC NDA Result 2023 result Gold-Silver Price Amazon Great Festival sale Shark Tank season 3

Companies News

Bajaj Finance in talks with 4 investment banks to raise $800 mn-$1 bn Shree Cement to raise up to Rs 700 cr via NCDs on private placement basis

Election News

Telangana IT Minister K T Rama Rao accuses PM Modi of misleading youth Court rejects Ashok Gehlot's acquittal plea in defamation case by Shekhawat

India News

Humans of Bombay vs People of India: All you need to know about the case Karnataka charges Rs 513 for a liquor bottle that costs Rs 100 in Goa

Economy News

Discussion underway to ease FDI norms in space sector, says official India unlikely to export sugar in 2023-2024, says ED&F Man Commodities

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Continue

Mobile wallets have to comply with February-end KYC deadline, says RBI

RBI said the KYC was designed to strengthen safety and security of transactions and customer protection

Also Read

RBI guidelines: How your mobile wallet will work under the new rules

Allow minimum KYC for transactions below Rs 10,000: Wallet firms urge RBI

New KYC norms may leave wallets of digital money players lighter

Payments banks offer more options

Electronic payments rise marginally in August: RBI

Bad news for Gitanjali, PNB, OBC: Few scam-related stocks regain lost glory

Telcos at war: COAI's Rajan Mathews rules out apology to Reliance Jio

Chemical industry to more than double to $300 bn by 2025, says Chemexcil

Future tense? Private fuel retailers may be scraping last of growth barrel

Global smartphone sales decline for first time since 2004: Gartner report

Explore News