Aadhaar enabled e-KYC

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Aadhaar enabled e-KYC can bring Rs 10000 cr savings for telcos, banks

Aadhaar enabled e-KYC process for customer acquisition will allow Indian telecom operators and banks to save Rs 10,000 crores over the next five years, according to a study by development consulting firm MicroSave. Apart from substantial cost savings for banks and financial institutions, Aadhaar enabled e-KYC is significantly more efficient compared to current paper-based KYC, the study said. Presently, customer enrolment processes followed by banks take longer time and it… Read More

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