🔰 Introduction
To offer secure and compliant financial services, AeronPay enforces mandatory KYC (Know Your Customer) verification for all users availing Virtual Account and QR Code-based Collection services.
We follow the regulatory framework laid out by the Reserve Bank of India (RBI), in alignment with UIDAI guidelines.
✅ Why KYC is Essential
- Ensures that only genuine users receive payments
- Enables accountability in virtual account and UPI collections
- Builds trust between AeronPay, users, partners, and banks
🔐 What We Follow
AeronPay uses Aadhaar-based e-KYC to verify the user’s identity. The process is secure, paperless, and seamless. We ensure:
- Mobile number is linked to Aadhaar
- User consents to verification via OTP
- Data is verified directly via authorized UIDAI channels
- Sensitive information is encrypted and verified
🚀 KYC Activation Process
- User Sign up with AeronPay
- Submits Aadhaar number and consents to OTP-based e-KYC
- Aadhar is verified through UIDAI
- User profile is marked as KYC Verified
- Virtual Account & QR features are enabled
⛔ No KYC? No Access.
Without successful KYC:
- Virtual account will not be generated
- QR collection will not be generated
- Access to payment and settlement features will be restricted
🔒 Commitment to Privacy
We take user data seriously. All Aadhaar and personal information is:
- Masked and encrypted
- Used only for verification
- Never shared without consent
- Compliant with RBI and UIDAI audit standards