There is some hope for these companies, with Finance Minister Arun Jaitley saying there was a need for legislative backing for private companies that were using Aadhaar. Adding that a careful reading of the judgment is required, Jaitley said this could be "temporary".

Key questions remain about the operational and financial viability of a completely paperless bank such as India Post, says Mayank Jain.

Each postman has undergone a three-tier training process, after which they were evaluated by the National Institute of Banking and Finance and given certificates.

Apart from SBI, UPI 2.0 partner banks are HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, RBL Bank, YES Bank, Kotak Mahindra Bank, IndusInd Bank, Federal Bank and HSBC.

The MCA notification lays down a deadline of August 31 for the fulfillment of the KYC requirements

French hacker Elliot Alderson had earlier pointed out UIDAI helpline (1800-300-1947) could just be "the tip of the iceberg", hinting there could be additional data or trackers on Indian phone manufacturers' devices.

While noting there needed to be a balance between the two fundamental rights, the Srikrishna panel stated there was an inherent conflict. "However, disclosure of information from public authorities may lead to private harms being caused. It is thus important to recognise that, in this context, there is a conflict of fundamental rights, between transparency and privacy," the report stated.

A company claims to run ads on Facebook where students are encouraged to provide their details to get help from career counsellors.

The firm has blamed a section of unnamed competitors as well as maleficent parties

Indian firms caught napping as private details of individuals were leaked

Mobile payments alone gathered close to $1.51 billion in the year 2017 through 13 rounds of funding, according to data compiled by Tracxn

A group of lawyers and activists want India's privacy law to ensure that autonomy, dignity and privacy are safeguarded, and proposes a penalty provision of up to Rs 10 million for those found violating the code and a jail term extending up to three years or a combination of both. Mayank Jain reports.

Experts contend that this setback, even if temporary, could put the company at a disadvantage to its competitors in acquiring new customers.

Betting as a function of pure luck is banned in the country, but games of skill with monetary stakes are not.

One of every four people in the 27-37-year age group, the most prolific in using digital banking apps, reported a fraud in the past year

'The reason is that you may not enter the branch but you want to see it near you as it establishes trust.'

National Payments Corporation of India is currently in the process of testing sound-based payments with three companies: PhonePe, ToneTag and UltraCash.

A large number of large and small businesses process EU data, have customers from the EU or have access to data of EU citizens in one way or another.

'The payment revolution is happening in India.'

Currently, only three have completed more than six months of operation in the space - Fino Payments Bank, Airtel Payments Bank and Paytm