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.
ETMONEY launches India s first Aadhaar based SIP payments aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
What the fintech sector can learn from the pandemic
The COVID-19 pandemic has helped radically change consumer perceptions about the fintech sector. It also taught fintechs a lot of lessons.
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One of the most important lessons 2020 taught the financial technology sector, as well as most of us, is
resilience not just of the human spirit, but also in the way people overcome adversities.
When a nationwide lockdown in March last year forced consumers to turn to online resources, businesses and industries
overnight digitised as much as they could to maintain some semblance of momentum, instead of completely shutting down.