Aadhar is considered to be one of the most important documents in the process of Knowing Your Customers. Banks and Telecom companies, ecommerce companies, private schools found blessing in Aadhar as it enabled the online kyc mechanism. However, according to the verdict of Supreme Court, now the private companies cannot ask for biometric and other data from consumers for their services. Section 57 of the Addhar Act was revoked by the Supreme court on 26.09.2018.
Read More on https://www.regtechtimes.com/apex-court-verdict-on-aadhar-would-affect-regtech-companies/
