The eKYC uses mobile-based biometric details to verify an account. KYC, otherwise, takes a few days to process and requires applicants to submit their identity and address proof. Paytm plans to launch payment bank services in the next couple of months and Aadhar-based eKYC is likely to make customer verification much faster.

Paytm begins verifying users' credentials through Aadhar-based electronic know your customer process

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