Aeps

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Aeps - Total results - 29
EPFO releases pension and arrears, accepts workers demand for commutation; here's all you need to know
Business

EPFO releases pension and arrears, accepts workers demand for commutation; here's all you need to know

The Employees' Provident Fund Organisation (EPFO) on Monday released Rs 868 crore pension along with Rs 105 crore arrears on account of the restoration of commuted value of (higher) pension.

Average daily Aadhaar-enabled transactions double; Rs 16,101 cr disbursed during lockdown: FinMin
Business

Average daily Aadhaar-enabled transactions double; Rs 16,101 cr disbursed during lockdown: FinMin

Average daily transactions through the Aadhaar-enabled payment system (AePS) has doubled to Rs 113 crore

India Post Payments Bank crosses 2-cr customer mark; rural banking infrastructure increases by almost 2.5 times, says Ravi Shankar Prasad
Business

India Post Payments Bank crosses 2-cr customer mark; rural banking infrastructure increases by almost 2.5 times, says Ravi Shankar Prasad

According to a statement, IPPB had reached the landmark of one crore customers in August last year - its first year of operations.

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

Aadhaar-enabled payment systems cross 200 mn transactions on NPCI platform in July
Business

Aadhaar-enabled payment systems cross 200 mn transactions on NPCI platform in July

NPCI's Aadhaar-enabled Payment System (AePS) is a bank-led model which allows basic interoperable banking transactions at PoS or MicroATM through business correspondent of any bank.

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

UIDAI asks banks to use Aadhaar eKYC for govt subsidies, welfare scheme users; various options listed for other customers
Business

UIDAI asks banks to use Aadhaar eKYC for govt subsidies, welfare scheme users; various options listed for other customers

Physical Aadhaar card can be used for verification in an offline mode if produced voluntarily

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.

Bhim Aadhaar payments platform has potential to revolutionise Indian economy, says Narendra Modi
News & Analysis

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.

How Aadhaar compares to other biometric national identification systems around the world
News & Analysis

How Aadhaar compares to other biometric national identification systems around the world

The Aadhaar program is one of the technology success stories of India, and is an initiative unparalleled in scope anywhere else in the world.

Aadhaar proves its usefulness again as Karnataka successfully transfers subsidies to one million farmers
News & Analysis

Aadhaar proves its usefulness again as Karnataka successfully transfers subsidies to one million farmers

The disbursal of benefits to the farmers was realised through the Aadhaar Payment Bridge (APB), which is popularly known as DBT.

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 Pay app benefits shoppers and merchants as there are no transactions charges
News & Analysis

Aadhaar Pay app benefits shoppers and merchants as there are no transactions charges

Aadhaar Pay allows customers to make purchases at shops through electronic transactions without having to use plastic cards or mobile phones.

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.

National level policy to reduce charges on cashless transactions being worked on
News & Analysis

National level policy to reduce charges on cashless transactions being worked on

Union Minister Hansraj Gangaram Ahir on Wednesday said the Centre will frame a policy to further reduce charges on cashless transactions.

Aadhaar Pay for merchants to be introduced with four banks including SBI soon
News & Analysis

Aadhaar Pay for merchants to be introduced with four banks including SBI soon

Aadhaar Pay for merchants is going to be launched soon by State Bank of India (SBI), Syndicate Bank, IDFC bank and Indusland bank.

Niti Aayog has disbursed over Rs 153 Crore as reward money to encourage digital payments
News & Analysis

Niti Aayog has disbursed over Rs 153 Crore as reward money to encourage digital payments

Over the course of these 58 days, the National Payment Corporation of India (NPCI), which has been executing the schemes, has disbursed over 153 crore.

Internet of Things will grow rapidly in India by 2020, says Deloitte report
News & Analysis

Internet of Things will grow rapidly in India by 2020, says Deloitte report

Internet 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.

Aadhaar is being used by few corporates for salary disbursements, but the potential is immense
News & Analysis

Aadhaar is being used by few corporates for salary disbursements, but the potential is immense

India'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.