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 ...

Aadhaar-enabled Payment System (AEPS) has revolutionised the financial landscape in rural India, acting as a transformative tool that bridges the gap between traditional banking services and the ...

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 ...

Cybercriminals are increasingly exploiting the Aadhaar Enabled Payment System to withdraw money from bank accounts without ...

Through the AePS, citizens can avail of services like cash deposit, cash withdrawal and fund transfer through a business correspondent or bank agent (IE) The Aadhar-enabled payment system (AePS) is ...

A new and alarming cyber fraud is emerging in India, where victims are losing money from their bank accounts without sharing any OTP or card details. Authorities, including the Indian Cyber Crime ...

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 ...

Anand Kumar Bajaj is founder, MD & CEO, PayNearby. The last two years of the pandemic have seen a seismic shift in the world of digital banking as they went from merely an option to becoming an ...

RBI Deputy Governor T Rabi Sankar emphasizes the need for transaction safety in rural areas where Aadhaar-enabled payment system (AePS) is widely used. He suggests using different technologies over ...

Aadhaar Enabled Payment System (AePS), developed by the National Payment Corporation of India (NPCI) to facilitate financial transactions through the Aadhaar number. Individuals having an Aadhaar ...