Cost effective Aadhaar eKYC Solution for NBFCs
Aadhaar eKYC service is a cost effective, fast and convenient way to collect the KYC details of the customer. NBFCs were not able to use this service due to the changes in the Aadhaar regulation but that has changed in recently. Last year there was a news from RBI that allows NBFCs to use Aadhaar EKYC service. A new circular with number RBI/2021-22/98 DOR.AML.REC 48/14.01.001/2021-22 was issued on 13th September 2021 inviting application for Aadhaar EKYC license. With this notification RBI allows NBFCs to register as KUAs (KYC user Agency) or Sub KUAs to avail Aadhaar eKYC service.
Existing KUA's have started offering Sub-KUA services to NBFC approved by RBI for Aadhaar EKYC license. If your NBFC is interested in becoming a Sub-KUA, please contact us, we will guide you through the process.
