The Reserve Bank of India (RBI) on Thursday proposed to enhance the security of Aadhar-enabled payment system (AePS) transactions. The central bank said it will streamline the process for onboarding ...

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 ...

Aadhaar ATM cash withdrawal: If you need urgent cash but are too busy to visit a bank or post office ATM, you can avail the Aadhaar ATM (AePS) service facility by India Post Payments Bank (IPPB) to ...

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 ...

This has made banking more accessible to millions of Indian citizens across the country. However, despite its widespread the system faced numerous challenges such as inadequate infrastructure and ...

Compromised Aadhaar numbers and fingerprint biometrics, via mainly land and property registration records, are the reason behind frauds in the Aadhaar-enabled payment system (AePS), the Minister of ...

The National Payments Corporation of India (NPCI) has swung into action to prevent scammers from misusing customers’ credentials to empty their bank accounts. It has asked acquirer banks’ to allow ...

UPI has catapulted India into the forefront on the global digital payments landscape. Working hand in hand, the AePS payments system is making life easy for rural folks, notes Tamal Bandyopadhyay.

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 ...