Latest News on Aadhaar Enabled Payment System
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Aadhaar Enabled Payment System - Total results - 10
Dec 17, 2017
Government to bear MDR charges on transactions through BHIM UPI or Aadhaar-enabled payment systemsThe merchant discount rate (MDR) will be borne by the government for two years with effect from 1 January 2018 by reimbursing the same to the banks.
Apr 15, 2017
Bhim Aadhaar payments platform has potential to revolutionise Indian economy, says Narendra Modi"Any citizen without access to smartphone, Internet, debit or credit cards will be able to transact digitally through the BHIM-Aadhaar platform," Modi said.
Apr 14, 2017
Prime Minister Narendra Modi launches BhimAadhaar, an application for merchantsPrime Minister Narendra Modi had a busy day with a number of major announcements in Nagpur, on the occasion of Ambedkar Jayanti.
Mar 12, 2017
Income tax department's mobile app to issue PAN cards using Aadhaar biometric informationThe I-T department has developed a mobile app for paying taxes and tracking refunds and is considering issuing PANs on real time basis using Aadhaar biometric.
Mar 07, 2017
Aadhaar Enabled Payment System records 2.65mn transactions worth Rs 316cr in JanuaryAadhaar Enabled Payment System (AEPS) based financial transactions have seen around 2.65mn transactions in January 2017.
Feb 27, 2017
Aadhaar has ambitions to be a one-stop solution, but there are concerns that still remainThe Unique Identification Authority of India (UIDAI) started off with Aadhaar enrollments back in 2010. It has been close to seven years since, and the 12-digit Aadhaar number is much more than just an identity number now, with over 1.1 bn Indians already enrolled on the Aadhaar platform.
Feb 14, 2017
Internet of Things will grow rapidly in India by 2020, says Deloitte reportInternet of Things (IoT) units in India are expected to see a rapid 31-fold growth to reach 1.9 billion by 2020, Deloitte predicted on Monday, adding that the market value of IoT is expected to reach $9 billion by 2020.
Feb 13, 2017
Aadhaar is being used by few corporates for salary disbursements, but the potential is immenseIndia's corporate entities have also started implementing Aadhaar into their HR workflow. Mahindra & Mahindra, for instance, is the latest Indian multi-national company which has implemented Aadhaar enabled salary payments.
Feb 12, 2017
Bhim app sees over 14 mn registrations since launch, says IT MinisterThe recently launched Bharat Interface for Money (Bhim) app has seen more than 140 lakh registration, IT Minister Ravi Shankar Prasad said in New Delhi on Friday.
Jan 20, 2017
NPCI advises ICICI Bank to open UPI transactions through PhonePe AppThe national financial service UPI enables bank account holders to send and receive money from their respective smartphones without the need to enter bank account information or net banking details.