KYC in smaller cities a huge challenge: Fintechs - Banking & Finance News | The Financial Express

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Mobile payments

Banking in India

Identity management systems

the reserve bank of india

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KYC in smaller cities a huge challenge: Fintechs - Banking & Finance News | The Financial Express. View article details on HISWAI: https://www.financialexpress.com/business/banking-finance-kyc-in-smaller-cities-a-huge-challenge-fintechs-3390974/

Summary

The article discusses challenges faced by fintech and banking in India due to the Reserve Bank of India's strict KYC guidelines, illustrating how firms like Paytm Payments Bank have been impacted. Costs and technology limitations hinder compliance, especially in remote areas.

Article found on: www.financialexpress.com

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