Most payment firms falling short on KYC; Cabinet approves Tata chip unit
Despite the regulator’s insistence on adhering to prescribed norms, many payment firms seem to be lax in conducting bank-grade KYCs. This and more in today’s ETtech Morning Dispatch.Also in the letter:■ IAMAI task force to take on Big Tech■ ETtech Done Deals■ SoftBank sells Paytm stake On KYC compliance front, payment aggregators may be second to some At a time when the central bank and the Union government are pushing regulated entities to adopt stringent KYC (know your customer) norms to check fraud, many large payment…