INSUBCONTINENT EXCLUSIVE:
For contactless, customer centric and secured KYC process, the DoT has initiated three new ways.New Delhi: The Department of
Telecommunications (DoT) on Tuesday started the implementation of new telecom reforms by simplifying the KYC (Know Your Customer)
on airwaves payments due to the government and 100% FDI through automatic route in the sector.The department said, "Customer consent has
been made compulsory in case the Aadhaar is being used and demographic details are being obtained electronically from UIDAI."For
contactless, customer centric and secured KYC process, the DoT said that it has implemented three fresh ways.1) Aadhaar-based e-KYC: The
process has been re-introduced for new mobile phone connections
conversion of connection: The implementation of OTP based conversion process enables a subscriber to convert his mobile connection from
prepaid to postpaid and vice-versa virtually via OTP-based authentication.Aadhaar is a 12-digit identification number issued by
UIDAI.Currently, a subscriber needs to visit a Point of Sale (PoS) unit with original identity documents and address proof for KYC
