Aadhaar Enabled-payment-system

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Aadhaar-enabled Payment System: How to avail banking services on NPCI platforms; all you need to know
Business

Aadhaar-enabled Payment System: How to avail banking services on NPCI platforms; all you need to know

Aadhaar-enabled Payment System (AePS) has crossed the milestone of over 200 million transactions during July this year

Digitisation push: Aadhaar enabled transactions cross 200 mn milestone on NPCI platform during July
Business

Digitisation push: Aadhaar enabled transactions cross 200 mn milestone on NPCI platform during July

The umbrella body for digital transactions, NPCI, on Monday said that Aadhaar enabled Payment System (AePS) crossed the milestone of over 200 million transactions during July this year

Government to bear MDR charges on transactions through BHIM UPI or Aadhaar-enabled payment systems
News & Analysis

Government to bear MDR charges on transactions through BHIM UPI or Aadhaar-enabled payment systems

The 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.

Prime Minister Narendra Modi launches BhimAadhaar, an application for merchants
News & Analysis

Prime Minister Narendra Modi launches BhimAadhaar, an application for merchants

Prime Minister Narendra Modi had a busy day with a number of major announcements in Nagpur, on the occasion of Ambedkar Jayanti.

Income tax department's mobile app to issue PAN cards using Aadhaar biometric information
News & Analysis

Income tax department's mobile app to issue PAN cards using Aadhaar biometric information

The 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.

Aadhaar Enabled Payment System records 2.65mn transactions worth Rs 316cr in January
News & Analysis

Aadhaar Enabled Payment System records 2.65mn transactions worth Rs 316cr in January

Aadhaar Enabled Payment System (AEPS) based financial transactions have seen around 2.65mn transactions in January 2017.

Aadhaar has ambitions to be a one-stop solution, but there are concerns that still remain
News & Analysis

Aadhaar has ambitions to be a one-stop solution, but there are concerns that still remain

The 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.

NPCI advises ICICI Bank to open UPI transactions through PhonePe App
Business

NPCI advises ICICI Bank to open UPI transactions through PhonePe App

The 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.