The Reserve Bank of India (RBI) on Thursday proposed to enhance the security of Aadhar-enabled payment system (AePS) transactions. The central bank said it will streamline the process for onboarding ...

Banking access has expanded rapidly in India, but not everyone relies on debit cards or smartphones for everyday transactions.

Aadhaar ATM cash withdrawal: If you need urgent cash but are too busy to visit a bank or post office ATM, you can avail the Aadhaar ATM (AePS) service facility by India Post Payments Bank (IPPB) to ...

The Reserve Bank of India released new draft directions on due diligence of Aadhaar Enabled Payment System (AePS) Touchpoint Operators to “streamline the process of onboarding customers”. The new ...

This has made banking more accessible to millions of Indian citizens across the country. However, despite its widespread the system faced numerous challenges such as inadequate infrastructure and ...

Policy research institution Dvara Research has said that requiring AePS touchpoint operators to be associated with only one acquiring bank would “cause inconvenience to both the customer and the AePS ...

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 ...

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 ...