Among various expected benefits of the Unique Identification (UID) card, one is supporting the financial inclusion agenda in India – by providing everyone with a UID card linked to a mobile phone number, and/or linked to a bank account. Financial inclusion has many hurdles in India, but the two of the most troubling of them to regulators and customers are: 1) authentication of individuals without a fixed address or formal documentation; and 2) secure access to banking services in remote areas. This Note takes a closer look at how UID can make m-banking more accessible in India. It concludes that UID can play a big role in proliferation of m-banking and financial inclusion in India. The success (or failure) of the UID will lie in its ability to provide a secure, safe and accessible platform for m-banking on the basis of its identity database.

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