#Aadhaar enabled #UPI onboarding now live on #PhonePe

#CashlessConsumer cautions of heightened fraud particularly those with #PMJDY accounts

https://www.zeebiz.com/companies/news-phonepe-first-player-to-enable-upi-activation-with-aadhaar-what-it-means-207350

#Aadhaar enabled #UPI onboarding now live on #PhonePe

#CashlessConsumer cautions of heightened fraud particularly those with #PMJDY accounts

https://www.zeebiz.com/companies/news-phonepe-first-player-to-enable-upi-activation-with-aadhaar-what-it-means-207350

#PMJDY is looting from the poor. #FinancialInclusion
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RT @bsindia
#SBI is yet to return Rs 164 crore of undue fee charged from the account holders of Pradhan Mantri Jan Dhan Yojana (PMJDY) towards digital payments during April 2017 and December 2019, a report said

#JanDhanYojana

https://mybs.in/2Zj4A7S
https://twitter.com/bsindia/status/1462358876892786690

The departure / plans to experiment vouchers also comes at a time when #bankprivatisation is being talked around. The empty success of #PMJDY in #FinancialInclusion will be undone with this shift as subsidy delivery now only needs fewer banks running digital backend

The departure / plans to experiment vouchers also comes at a time when #bankprivatisation is being talked around. The empty success of #PMJDY in #FinancialInclusion will be undone with this shift as subsidyb delivery now only needs fewer banks running digital backend

Just to make you feel better, the poor (#PMJDY accounts etc) *don't* use #ATM because banks' don't issue cards, they use Banking agents to get cash and #MicroATM are priced lot higher https://twitter.com/logic/status/1065882573505736704

Basically, people are forced into banking and costs are then put on their head.

Lets read the entire report.

Context - While the #PMJDY opened accounts for everyone, India lags in #ATM penetration.

Interchange rates were unrevised since 2008 & new note disaster of 2016 + cassette regulations have increased cost of ops

#CashlessConsumer Jan Dhan accounts: Bank mitras seek to do away with biometrics

#PMJDY #DBT #AePS #COVID19 #PMGKY

https://www.tribuneindia.com/news/amritsar/jan-dhan-accounts-bank-mitras-seek-to-do-away-with-biometrics-63529

#CashlessConsumer - #DFS letter on relaxation of OVD requirements for opening a small account / KYC formalities of #PMJDY accounts, citing amendment to #PMLA rules relaxing strict KYC requirements to help poor. #PMGKY #DBT #COVID19