e-KYC based instant pre-paid cards launched by Nilekani

Pilot to be launched in Delhi next week

GN Bureau | October 11, 2012



UIDAI chairman Nandan Nilekani has launched an e-KYC based instant pre paid card which can be used by the citizen to activate instant accounts, save/withdraw money and send money to anyone holding an Aadhaar number.

A pilot will be launched in Delhi next week for the same. e-Commerce merchants will be able to co-brand the card with the authorising bank. The customers will be able to top-up the card through a business correspondent or online.

The UIDAI has partnered with 20 banks, and has also tied-up with the National Payments Corporation of India and Visa for payments powered by E-KYC.

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