New Delhi [India], April 15 (ANI/PNN): In line with its promise to make investments more seamless and accessible to the widest section of Indian society, India's favorite investment app, ETMONEY has launched the country's first Aadhaar-based SIP payments feature. With this, anyone can now start a SIP online and set up automatic payments using a simple Aadhaar based OTP verification.
In a country like India, digital banking services including net banking have a limited reach and face obstructions like failed login attempts and the hassle of remembering passwords. Because of this setting up automated SIP payment instructions, popularly known as payment mandates, has a limited success rate. But with more than 100 Cr bank accounts linked to Aadhaar, and the simplicity of OTP verification, this new feature can now make online investments accessible to a larger section of society.