Aadhar, Aadhar Enabled Payment System, AePS, Bottom of the Pyramid, E-KYC, Financial Inclusion, FinTech, Fintech & Payments, MFI, Micro Finance Institution, Unified Payment Interface (UPI)

Digitalisation in MicroFinance Institutions have more problems than just Systems : Manage People, Process & Practices.

How can #MicroFinanceInstitutions  get benefitted with Digitalisation & #FinTech : 1. Use Aadhar number and EKYC to onboard customers 2. Use  #Aadhar number for Credit check unless you have taken Voter Id number as identifier,  even if you have done it link voter Id numbers with Aadhar numbers as one time activity 3. #UPI/Aadhar number… Continue reading Digitalisation in MicroFinance Institutions have more problems than just Systems : Manage People, Process & Practices.

Aadhar, AUA, ASA, E-KYC, FinTech

Increased Use of E-KYC post New RBI, PPI guidelines. AUA & ASAs will reap the Benefit..

Post New #RBI #PPI Guideline, My take is that #E-KYC as service will grow and biggest beneficiary will be Authentication User Agency (AUA) and Authentication Service Agency (ASA). We shall find more #Applicants for AUA and ASA licensce. This may push the #Licensce fee upwards,  Higher #Entry barriers,  Tougher #Regulations for new Applicants.. Currently there… Continue reading Increased Use of E-KYC post New RBI, PPI guidelines. AUA & ASAs will reap the Benefit..