UIDAI wants e-payment regulator

The Unique Identification Authority of India has called for a “payments system regulator“ that can work without a conflict of interest and scale up Aadhaar-based transactions by promoting inter-operability and enforcing accountability. The regulator will be expected to oversee discipline and accountability and avoid any conflict of interest that tilts the scale in favour of a few entities.
It will further strengthen the legal framework for Aadhaar and monitor use of the data collected. Some of the fears about the data being used for purposes other than authentication of identity could be assuaged as a regulator will add another layer of scrutiny.

No comments: