Zingoy is asking for Full KYC using Aadhar Is it safe?

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Last Comment 2023-02-21

2023-02-20

While buying amazon shopping voucher using Ola Money (which is stuck with no other use), Zingoy is asking for Full KYC using Aadhar. Is it normal and safe? Should I go for it? TIA

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https://www.desidime.com/discussions/zingoy-is-asking-for-full-kyc-using-aadhar-is-it-safe?page=1#post_9103943

Gauravmittal49589

2023-02-20

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You can transfer ola money to bank via paytm fastag at free of cost or from snapay at 2-3% charges
Both these options are better from amz shopping voucher from my view.

Btw i don't think full kyc is required for purchasing gv from zingoy (unless you are purchasing in bulk)

Priviously kyc was required for selling gv on zingoy platform and i have also done full kyc so no problem here.

https://www.desidime.com/discussions/zingoy-is-asking-for-full-kyc-using-aadhar-is-it-safe?page=1#post_9103951

mysalemo771

2023-02-20

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Thanks!

I am buying just 4.5K vouchers as money is stuck in Ola Wallet

I dont have Paytm Fastag or Snapay and dont want to open just for this

by the way can you please explain the process for loading Paytm Fastag using Ola Wallet?

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https://www.desidime.com/discussions/zingoy-is-asking-for-full-kyc-using-aadhar-is-it-safe?page=1#post_9104103

androgame

2023-02-20

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If your cumulative orders from a single zingoy account exceed 25000, they would ask for full kyc.

Though they are using a third party secure provider for kyc, I don't feel comfortable sharing aadhar for small things. Is ola money linked to the registered mobile number of zingoy account ?

If not, you can purchase from another zingoy account

https://www.desidime.com/discussions/zingoy-is-asking-for-full-kyc-using-aadhar-is-it-safe?page=1#post_9104123

mysalemo771

2023-02-20

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thanks! is that 25K monthly cap? or overall?

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https://www.desidime.com/discussions/zingoy-is-asking-for-full-kyc-using-aadhar-is-it-safe?page=1#post_9104107

getready

2023-02-20

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It is Aadhaar E-KYC. AFAIK, they ask this once the total purchases amount to 10K+. And it is in accordance with the RBI guidelines for Gift card sellers / PPIs (had to do KYC with Woohoo/Qwickcilver too)