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 ...
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 ...
Dvara Research Opposes RBI’s Single Bank Limit for AePS Operators, Citing Downtime and Fraud Risks
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 ...
Over five crore Aadhaar authentication is taking place per day and around 40 crore last-mile banking transactions are being done every month through the Aadhaar-enabled Payment System (AePS). UIDAI ...
The Aadhaar Enabled Payment System (AePS) service charges have been revised by India Post Payments Bank (IPPB). Effective on December 1, 2022, the updated AePS Issuer transaction costs will be in ...
Not sharing One Time Passwords (OTPs) or revealing bank account details may sound like a foolproof idea to avoid falling into the trap of scammers. However, cybercriminals have now taken to using ...
Kolkata-based public sector lender United Bank of India (UBI) has stopped Aadhaar-enabled payment system (AePS) transaction for its users on devices installed by private banks such as IDFC Bank, ...
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