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

All transactions, regardless of amount and every new wallet customer would require full KYC after March 2018

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Last Updated : Feb 18 2018 | 3:02 PM IST

As the Reserve Bank of India’s (RBI’s) March deadline for meeting know-your-consumer (KYC) requirements approach, representatives of the prepaid payments industry have requested the regulator to waive off full KYC

First Published: Feb 17 2018 | 10:43 PM IST

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

All transactions, regardless of amount and every new wallet customer would require full KYC after March 2018

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