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Three fundamental sources of infirmity need fixing. First, the KYC process using Aadhaar must be made credible and secure. Second, since most UPI transactions are free, traditional lenders have little incentive to shorten their technology-upgrade cycle. Third, the monopoly of the National Payments Corporation of India, which runs the UPI, must end. As long as the country’s preferred system for moving money online is devoid of fair charges and free from competition, there are great risks ....
The Reserve Bank of India has taken regulatory action against Paytm and Visa Inc., and more nonbank intermediaries may be targeted. The growth of neo-banking in India has increased the risk of fraud. KYC regulations and digital payments face challenges, and nodal accounts are used for real-time processing. ....
How a Data Leak at Lingerie Brand Zivame Sparked a Panic dailydot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailydot.com Daily Mail and Mail on Sunday newspapers.
Sector 56 centre pugilists pack a punch, win overall trophies in junior c'ships tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
"No Internet Means No Work, No Pay, No Food": Internet Shutdowns Deny Access to Basic Rights in "Digital India" hrw.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hrw.org Daily Mail and Mail on Sunday newspapers.