Niti Aayog To Discuss KYC Issues on Digital Payments with Industry

Niti Aayog to hold a meeting with all the stakeholders in digital payments industry over customer authentication issue after the Supreme Court verdict that restricted the use of Aadhaar details for KYC in availing host of services, including banking and telecom.

“I will have a round table with the stakeholders. There are some issues which have come up from the industry, we will sit down and see what the issues are and find out how to move forward. The industry is saying that it may hamper the digital payments system,” said Ratan Watal, Member Secretary — PMEAC and Principal Advisor, Niti Aayog on the sidelines of a digital payments programme.

Ficci and the Niti Aayog on Monday jointly organised a workshop on the ‘Online Digital Payments Programme’ aimed at capacity building and imparting training to the officials working in this area.

In its ruling on September 26, the Supreme Court had declared the Government’s flagship Aadhaar scheme as constitutionally valid but struck down some of its provisions including its linking with bank accounts, mobile phones and school admissions.