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Axis Bank expects the lift of ban on Aadhaar based transaction

Axis Bank expects the lift of ban on Aadhaar based transaction

Wednesday, March 1, 2017, 5:55 PM

Axis Bank hopes Aadhaar based transaction ban to be lifted soon. The bank is waiting for the investigation report from Unique Identification Authority of India which resulted in a data breach. Axis Bank’s platform was used for e-KYC and e-Mudhra for digital signature.Recently UIDAI has banned all Aadhaar-based transactions on Axis Bank, e-Mudhra, and Suvidha speculating a data breach.
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