Share :
SBI Cards & PhonePe notified to undertake Aadhaar authentication service of UIDAI

The Central Government after consultation with the Unique Identification Authority of India and the Reserve Bank of India notified the SBI Cards and PhonePe to undertake the Aadhaar authentication service of the Unique Identification Authority of India (UIDAI) under section 11A of the Prevention of Money-laundering Act, 2002. Earlier, the government notified 24 Insurance Companies as reporting entities to undertake Aadhaar authentication service of the UIDAI.

Read Official Notification Here

 

G.S.R. 651(E). - In exercise of the powers conferred by sub-section (1) of section 11A of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government on being satisfied that the reporting entities mentioned below comply with standards of privacy and security under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016), and it is necessary and expedient to do so, and after consultation with the Unique Identification Authority of India established under sub-section (1) of section 11 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 and the regulatory authority, namely the Reserve Bank of India, hereby notifies the reporting entity specified below to undertake Aadhaar authentication service of the Unique Identification Authority of India under section 11A of the Prevention of Money-laundering Act, 2002, namely:-

(i) M/s. SBI Cards and Payment Services Limited.

(ii) M/s. PhonePe Private Limited


Share :
TaxGyata Team

TaxGyata Team