Jun 9, 2019
Demonetisation, Aadhaar eKYC pushed digital payments
Demonetisation, Aadhaar eKYC pushed digital payments
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After the demonetisation of Rs. 500 and Rs. 1000 notes in 2016 pushed digital payments, Aadhaar-enabled electronic know your customer (eKYC) resulted in an exponential growth of such payments in the country, according to a new report by the Reserve Bank of India.
Transactions in which both the payer and the payee use digital modes to send…
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