.......Business correspondents across the country will pan
out with hand-held devices, similar to the card machines you see at
shops, that will work as mobile all-time-money kiosks, for consumers.
The machine will enable both authentication and identification of the
recipient and the local ATM. Aadhaar, which the RBI has notified as
Know-Your-Customer (KYC) data for banks, will help increase the reach
of banking system and financial inclusion by leaps and bounds,
something banks have been struggling with, as it makes little economic
sense to open a branch in a remote village. And that is not all. The
electronic digitised platform created by UID for Aadhaar will also help
insurance companies, mobile operators, consumer companies and even app
providers to reach out and expand their consumer base......
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
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