At the launch of Reliance Jio on Thursday, people remain talking about 4G plans and exciting offers that the new teleco will give. However there is a point went missing that Jio is bringing in a process of eKYC based on the Aadhaar card.
Reliance Jio isnt' the first Indian teleco operator to bring in eKYC as Airtel and Vodafone have already started rolling in Aadhaar-enabled eKYC, yet people hardly notice this feature.
KYC, or Know Your Customer, is a process of a business verifying the identity of its clients. eKYC is one step up means taking the process online, without manual paper checks, and thus ideally speeding up the process so that there is greater convenience for the users.
While applying for new SIM card, a person has to carry a number of identification documents. Next they need to attach these to a form, fill that up, and finally apply for the card. Later these forms have to be picked and then the details have to be documented by the company, before your SIM will be verified.
Most companies say that your number will be activated in an hour or so, but it's rarely that fast. At the Reliance Jio launch, Chairman Mukesh Ambani said people had to wait for hours to get their service activated.
By switching to eKYC, the whole process will become much faster - you should be able to walk out of the store with a working Jio SIM card, he added. eKYC usesthe Aadhaar card to verify a person’s details.
The service offered by the UIDAI, and enables businesses to quickly carry out KYC norms. To do that a person needs to give the store, their Aadhaar number, and then your fingerprint is scanned in the store and matched with the Aadhaar database to verify your identity.
Aadhaar card get the verification done, and since the process happens electronically instead of verifying manual documents, it'll also work much more quickly. The benefits are obvious that a person can speed up the activation of a SIM, as Reliance Jio says it will do.