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    <title>KYC Requirement for Customers Using Mobile Wallets</title>
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    <description>Compliance with Know Your Customer (KYC) obligations is mandatory for all Prepaid Payment Instrument issuers, system providers and participants under the Prevention of Money Laundering Act, 2002 as applied by an RBI Master Direction, which requires completion of requisite KYC for existing PPI customers by the prescribed regulatory deadline and notes current industry compliance levels.</description>
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