3.12.16

RBI defers Aadhaar-enabled devices

RBI defers Aadhaar-enabled devices


RBI(Reserve Bank of India) defers mandatory implementation of Aadhaar-enabled  PoS (Point of Sale) devices till June 30,2017

The RBI said banks, authorised card payment networks and white-label ATM operators have time till June 30, 2017, for deployment of Aadhaar-enabled devices. The central bank said the rate of deployment of acceptance infrastructure has slowed owing to the mismatch between demand and supply of such Aadhaar-enabled devices. As there is currently a limited capacity to produce such devices.

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