Ecommerce firm Paytm has launched an electronic, Aadhaar-based client-authentication system in an effort to upgrade its digital wallet customers to account holders of its upcoming bank, according to a report by My Big Plunge. The move would enable customers to perform transactions greater than Rs 10,000 (US$149.30) per month. Paytm will offer the electronic know-your-customer system (eKYC) through Aadhaar, which is part of an initiative called India Stack. The program allows third-party entities to use Aadhaar for authenticating digital signatures
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