US EditionRBI Issues Directions On Aadhar Payments System Operators' Onboarding To Enhance Security
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RBI Issues Directions On Aadhar Payments System Operators' Onboarding To Enhance Security
The Reserve Bank on Friday issued directions to banks on onboarding Aadhar Enabled Payments System touchpoint operators to enhance security. The RBI has asked the acquiring bank to carry out due diligence of all ATOs before onboarding the AePS Touchpoint Operator, which is the same as the one followed while acquiring a customer, as per the directions.If the due diligence of ATOs has already been done in their capacity as business correspondent/s…
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