RBI puts on hold Aadhaar-based biometric authentication in PoS terminals

RBI has put on hold its decision to make Aadhaar based biometric authentication for transactions mandatory. Banks had opposed to the move as they would have to spend crores in upgrading their system. This means that the banks can continue to expand Point-of-Sale (PoS) terminals, till RBI decides to come up with a workaround. Link

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