RBI’s strict KYC rules may empty digital wallets

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Deal Major
desiman

RBI’s strict KYC rules may empty digital wallets

BENGALURU: Digital wallet companies may be staring at the end of the road as the Reserve Bank of India’s February-end deadline approaches for them to meet full know-your-customer norms for all their users.

The total number of customers who have submitted their KYC details is in ‘low single-digit’ percentage, according to industry executives. “If these norms are implemented in full force, the entire industry, which handled around Rs 12,000-crore worth of transactions in December, wil ..

https://economictimes.indiatimes.com/small-biz/...

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Generous Generous
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Probably another extension then. https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif

Deal Major Deal Major
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avgn wrote:

Probably another extension then. https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif

extend till 2050

Deal Subedar Deal Subedar
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avgn wrote:

Probably another extension then. https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif

Tarikh pe tarikh, tarikh pe tarikh, lekin kyun nahi https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif

Deal Subedar Deal Subedar
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obviously, it has to be in single digit .. people have multiple a/c’s in bulk..

thats how cheaters like mobidick tells it has 6 crores customers!!
now they will understand.. its not 6 crores customers, rather its 6 crore a/c’s !!
60-70% of the a/c’s in wallets belong to people holding multiple a/c’s ! https://cdn3.desidime.com/assets/textile-editor/icon_wink.gif

Deal Lieutenant Deal Lieutenant
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vishal_ag wrote:

obviously, it has to be in single digit .. people have multiple a/c’s in bulk..

thats how cheaters like mobidick tells it has 6 crores customers!!
now they will understand.. its not 6 crores customers, rather its 6 crores a/c’s !!
60-70% of the wallets belong to people holding multiple a/c’s ! https://cdn3.desidime.com/assets/textile-editor/icon_wink.gif

Truth. https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif

Deal Captain Deal Captain
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I’m not going to verify even a single wallet. Let all my wallet gets closed. I’ll be back to the old method of net banking, credit card swap etc.

Deal Lieutenant Deal Lieutenant
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vishal_ag wrote:

obviously, it has to be in single digit .. people have multiple a/c’s in bulk..

thats how cheaters like mobidick tells it has 6 crores customers!!
now they will understand.. its not 6 crores customers, rather its 6 crore a/c’s !!
60-70% of the a/c’s in wallets belong to people holding multiple a/c’s ! https://cdn3.desidime.com/assets/textile-editor/icon_wink.gif

I waiting for Mobikwik to get closed, I will put up a big FB post when it gets closed.

Deal Lieutenant Deal Lieutenant
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Would you be able to use the amount remaining in the wallet after 27th or need to send it to bank?

Deal Newbie Deal Newbie
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rv2012 wrote:

I’m not going to verify even a single wallet. Let all my wallet gets closed. I’ll be back to the old method of net banking, credit card swap etc.

Yes dead right .. no need to give our documents to them

Deal Subedar Deal Subedar
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saymyname wrote:

Would you be able to use the amount remaining in the wallet after 27th or need to send it to bank?

Existing- yes
Fresh loading-NO

Pro Shopping Friend Pro Shopping Friend
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Jis “Aadhaar” ka hi koi “Aadhaar” (Baseless) na ho, us “Aadhaar” se saari cheez link karne ka kya fayda. https://cdn2.desidime.com/assets/textile-editor/icon_smile.gif https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

Deal Cadet Deal Cadet
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it doesnt matter people like it or not.. aadhaar will be mandatory for every ac. …

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