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KYC rule for e-wallet kicks in today

KYC rule for e-wallet kicks in today

Thursday, March 1, 2018, 9:37 AM

If from today you are not able to load fresh funds into your mobile wallet, you can blame the Reserve Bank for it. In what could be a major impact on the digital payments industry, mobile wallets would be required to submit a full KYC for their users, without which the central bank would impose severe restrictions on its operations.
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