Through the AePS, citizens can avail of services like cash deposit, cash withdrawal and fund transfer through a business correspondent or bank agent (IE) The Aadhar-enabled payment system (AePS) is ...

Almost all financial transactions have moved online in India, where UPI takes a major chunk of consumer transactions daily. To provide a more convenient and efficient platform, the government of India ...

The Reserve Bank of India released new draft directions on due diligence of Aadhaar Enabled Payment System (AePS) Touchpoint Operators to “streamline the process of onboarding customers”. The new ...

The newly introduced AI-based fingerprint authentication mechanism for securing Aadhaar-based transactions by the Unique Identification Authority of India (UIDAI) is a measure to prevent cloning of ...

Cash withdrawal from bank accounts is an essential financial service in a crisis. Withdrawals are a lifeline for migrants, daily wagers and other informal sector workers suffering severe setbacks to ...

While the Aadhaar Enabled Payment System (AePS) has emerged as the foundational technology enabling cash-in cash-out (CICO) across the country, efforts by bad actors to defraud banking customers ...

The Ministry of Home Affairs (MHA) has informed the parliamentary standing committee on communications and information technology that the use of “dummy fingers or rubber fingers” to fraudulently ...

Airtel Payments Bank has collaborated with the National Payments Corporation of India (NPCI) to roll out face authentication for the Aadhaar-enabled Payment System at its five lakh banking points.