Payment solutions provide Oxigen Services India has tied-up with National Payments Corporation of India (NPCI) to launch eKYC service to the market. The company claims to be the first non-bank to launch eKYC services, however it's worth noting that NPCI website currently lists three non-bank entities including Oxigen as members. Others members include LIC India and Reliance General Insurance Company. Remember that RBI had allowed Non Banking Financial Companies (NBFC) to accept e-KYC verification as a valid identification process in August this year. This enabled NBFCs to accept e-Aadhaar cards via the UIDAI website as a form of authentication. Oxigen mentions that customers can sign up for the service by providing their Aadhaar card number and swiping their finger at a biometric scanner at select Oxigen outlets that are connected to its point of sale terminals or PCs. Following this, Oxigen verifies the customer’s Aadhaar number and their biometric information…
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