Airtel has launched a brand new function referred to as Safe Pay for digital funds for all Airtel Payments Bank account holders. The try so as to add one other layer of authentication to guard transactions towards cyber and banking frauds. The best way Airtel Safe Pay works is that for each transaction the place cash out of your Airtel Payments Bank account is to be debited, you’ll get an alert, and it’s important to give your approval in response to that message for the transaction to go forward and be accomplished. At the moment, an Airtel Payments Bank account can maintain a most stability of Rs 1 lakh. Airtel additionally says that any UPI app might be linked to your Airtel Payments Bank account, thereby defending your main checking account particulars from publicity throughout transactions.
Airtel has additionally lastly rolled out video KYC for customers who want to both open a brand new Airtel Payments Bank account or improve from the Airtel Pockets digital fee companies. That is one comfort function that had been a obvious omission from the Airtel digital funds ecosystem until now, however one thing that rivals corresponding to Paytm had deployed a very long time in the past. For this, you will want to have your Aadhaar quantity or Aadhaar VID and your PAN quantity prepared for the video KYC authentication. Airtel says that Aadhaar and PAN verification is obligatory with UIDAI and NSDL respectively as per the Video KYC tips. The Airtel Safe Pay and Airtel Payments Bank Video KYC is out there now for Airtel Thanks app customers, on the Apple iPhone and Android telephones. The brand new choices ought to present up in your app within the coming days, if not already. At the moment, Airtel Safe Pay is out there solely to anybody who has a full-fledged Payments Bank account, and never a Airtel Pockets digital fee service.
When you’ve got an Airtel Payments Bank account, chances are you’ll wish to allow Safe Pay, and should you don’t have a Payments Bank account simply but, chances are you’ll wish to full the Video KYC course of completed. I had detailed my sordid expertise, in December, how Airtel with none prior warning or indication, blocked my Airtel Pockets which additionally had a FASTag linked to it, after which requested me to go to an Airtel retailer to finish the KYC course of to mandatorily improve to an Airtel Payments Bank account. Persevering with with simply the Airtel Pockets service wasn’t an choice. Placing this on the document once more—that Airtel Pockets stays inactive, purely as a result of I didn’t wish to pander to unfair insurance policies of getting to mandatorily improve to a funds checking account and still have to step out and go to a bodily retailer within the midst of the coronavirus pandemic, the place digital processing have change into the norm and social distancing in addition to restricted human contract are necessities.