#NAMA -- Nandan Nilekani Launches Aadhaar E-KYC Based Instant Prepaid Cards
Channel: MediaNama
Date: 06/12/2012

Nandan Nilekani, Chairman of UIDAI, announced the launch of Aadhar E-KYC powered instant prepaid accounts. This session was moderated by Rajesh Sawhney from GSF Accelerator.

Speaking about the possible applications of these instant accounts, Nilekani said that e-commerce merchants would be able to issue a co-branded bank issued prepaid card with their own branding, and the card can be activated at the time of the check-out using an OTP based authentication, and that an Aadhaar linked prepaid card could be shipped to the customer with the delivery. The customer can top-up the card through a business correspondent or online.

The same can be done at physical retailers -- Citizens will be able to activate instant accounts with E-KYC, save money into the account, withdraw money, and send money to anyone with an Aadhaar number.