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COAI highlights progress in implementing new e-KYC process


Devdiscourse News Desk new delhi India
Updated: 19-11-2018 20:07 IST
COAI highlights progress in implementing new e-KYC process

(Image Credit: Pixabay)

Telecom operators have completed the adoption of a new e-KYC (Know Your Customer) process in around 85 per cent of the country and the rest is likely to be covered soon, the Cellular Operators Association of India (COAI) said on Monday.

Speaking to reporters here, COAI Director General Rajan Mathews said the use of the Aadhaar-based process is likely to end in a day or two.

"I would say a good 80-85 per cent areas are probably compliant in terms of the new process, there may be some rural areas where the testing is going on...," he said, adding that the rest would be covered "in two to three weeks at the most".

Mathews further said: "The thing is that...there are areas where we have over one million points of sale and to be able to put the alternative process, mechanism, paperwork in place takes some time."

The industry body, he said, has informed the Unique Identification Authority of India (UIDAI) that the operators would require some more time for exiting the Aadhaar-based process keeping in mind the "consumer interest" as most of the infrastructure is Aadhaar-based.

The deadline for the use of Aadhaar-based e-KYC process ends on Tuesday, November 20.

(With inputs from agencies.)

COUNTRY : India

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