Aeps

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

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

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

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

"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

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

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

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

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

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