Airtel Payments Bank Removes 1,000 Retailers from Network for Flouting Norms

Airtel Removes 1,000 Retailers from Network for Flouting Norms

People familiar with the matter said the company levied a penalty of around 50 times the commission paid on several retailers who violated the guidelines for the first time, and removed repeat offenders from the network besides imposing a fine on them.

This is in response to the massive Aadhaar-related fraud that came to light a few weeks ago.

[…] UIDAI imposed a fine of Rs 2.5 crore on Airtel for allegedly opening payment bank accounts for its mobile subscribers without consent. The report also notes that Airtel routed the LPG subsidies of 31 lakh users (payments worth Rs 190 crore) to their Airtel payment bank accounts instead of the beneficiaries’ original bank accounts.

It still boggles my mind all the crazy shit that Aadhaar has enabled to happen, so easily.