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ARTICLE · 13 NOVEMBER 2018

Payment Companies To Stop Using Aadhaar Services

S.S. Rana & Co.
S.S. Rana & Co.
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UIDAI has required such companies to provide confirmation of closure and exit from the usage of the Aadhaar ecosystem.

IndiaFinance and Banking
S.S. Rana & Co. Advocates
S.S. Rana & Co. Advocates
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 The tech-driven transformation of India attributable to the increased accessibility of internet to the multiple users of the vast nation have enabled the virtual platform to carry out numerous routine operations. Providing channels for communication, commercial transactions, banking, record maintenance, e-services allow efficient mechanism reducing the dependence on the physical media. Digitalization has facilitated the process of identification of citizens of the country being a more reliable source of proof in the form of Aadhaar.

Aadhaar...

The Unique Identification Authority of India (hereinafter referred to as "UIDAI") - the statutory authority established under the provisions of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (hereinafter referred to as "Aadhaar Act") issues a 12-digit unique number (hereinafter referred as "UID" or "Aadhaar"), allocating a distinguished identity to all residents of India.

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