NEWS ROUND-UP FOR THE MONTH OF JANUARY 2023
Unique Identification Authority of India (UIDAI) has now allowed residents to update addresses in Aadhaar online with the consent of their head of family, an official statement said today.The process requires OTP-based authentication by the HOF.
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IDFC FIRST Bank has partnered with ToneTag, a global proximity and voice tech solution provider, to enable acceptance of digital rupee at merchant outlets. This follows a pilot launch of Central Bank Digital Currency (CBDC) for retail users by the Reserve Bank of India (RBI).
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The National Payments Corporation of India (NPCI) has allowed UPI platforms to onboard non-resident account holders (NRE/NRO accounts) from ten countries with international mobile numbers with certain conditions.
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According to the minister of state for electronics and information technology Rajeev Chandrasekhar, as many as seven countries will sign up with the government to use India Stack.
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Unique Identification Authority of India (UIDAI), the regulatory body of Aadhaar card, has launched a new customer service on Interactive voice response (IVR) technology that will be available free round the clock 24x7.
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Under the Broadcast Infrastructure Network Scheme, the 28 regional Doordarshan channels would become HD programme production capable, and FM coverage of AIR would be expanded to over 80% of the country's population.
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According to the data by the National Payments Corporation of India (NPCI), the value of transactions hit nearly Rs 13 trillion in January. The volume of transactions was 7.8 billion, and value was Rs 12.8 trillion in December.
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Last week, the cabinet cleared a Rs 2,600-crore incentive scheme for banks to promote RuPay debit cards and low-value BHIM-UPI transactions in the current fiscal.
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UIDAI has urged Requesting Entities, which carry out online authentications, to ensure that residents understand the type of data being collected and the purpose of Aadhaar authentications, according to a release. Entities are required to obtain residents' informed consent either on paper or electronically before carrying out Aadhaar authentications.
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In the last few months, peer-to-merchant (P2M) transactions have outnumbered peer-to-peer (P2P) ones as per Mr. Asbe. He also added that QR codes now reach even India’s Tier 6 towns, taking the digital payments revolution further ahead.