Pre-paid card issuers await NDA's Aadhaar stand

.....However, there is a catch: Instead of a `swipe and sign' authentication, RBI wants prepaid card transactions to be verified using Aadhaar-based biometric authentication. The card issuers feel that this requirement is more to salvage Aadhaar rather than tackle money laundering since the withdrawal limit is only Rs 5,000. Rather than make huge investments on biometric readers, most prepaid card issuers are now waiting for the new government's response to Aadhaar.........

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