In a landmark move, the Hon. President of India Shri Ram Nath Kovind promulgated the ‘Aadhaar and Other Laws (Amendment) Ordinance, 2019’ on Saturday, 2nd March 2019. Through this ordinance, three important acts stay amended as on date – The Aadhaar Act, 2016, The Telegraph Act, 1885 and the Prevention of Money Laundering (PMLA) Act, 2002.
As seen in our earlier blog posts on Aadhaar-based Offline KYC (here and here), most of you must be aware that UIDAI supports the initiation and completion of Offline KYC transactions through two instruments – eAadhaar and Offline KYC XML.
While enterprises can choose any of these two instruments to initiate and complete Offline KYC transactions, our experience has shown that Offline KYC XML offers more advantages than eAadhaar.
As seen in our previous post, to protect Aadhaar-based e-KYC Authentication Agencies (AUAs, KUAs and Sub-AUAs) from the adverse effects of the Hon. Supreme Court’s Aadhaar verdict, UIDAI promptly rolled out a mechanism for Aadhaar-based Offline KYC and made it available to public / private enterprises for ensuring seamless e-KYC of the end-users through a paperless and automated process.
Through it’s earlier circular on Virtual ID (VID) Implementation, UIDAI had disallowed Local AUAs to use Aadhaar Number for OTP-based e-KYC authentications. As per this circular, Local AUAs were allowed to perform OTP-based e-KYC authentications using VID only.
The digital world brought with itself a whole new level of competitiveness in the acquisition of new customers. No matter which industry you look at, with most providers offering similar benefits, cost and service efficiency remain the prime differentiators. If you don’t value your customers’ time and money, they won’t bother about your business – it’s really that simple.
In our previous blog posts on Aadhaar Virtual ID (VID) and the usage of Aadhaar Data Vault by ‘Global AUAs’ and ‘Local AUAs’, we first decoded the regulations for you, and then busted some common myths associated with the implementation of Aadhaar VIDs and the Aadhaar Data Vault.
In our previous blog post on Aadhaar Virtual ID (VID), we covered the basics of the Aadhaar VID, along with a detailed Authentication Transaction Process Flow of how user authentication will take place at the back-end for such VIDs.
