The Reserve Bank of India announces plans to bolster security measures for the Aadhaar-enabled payment system (AePS) to combat fraud risks....

Right now, there is no two factor authentication for Aadhar enabled payments, which is risky and the cause for many frauds. The customer ca...

The retail payment body which runs AePS wants banks to explicitly seek customer consent regarding this service at the time of account openi...

Aadhaar enabled payment systems (AePS) transaction fraud can be done if the fraudster has got access to the bank customer's fingerprint/IRI...

Last-mile consumers who use AePS to withdraw DBT funds are finding their transactions failing over the last few months, as banks introduce ...

The service charges for the Aadhaar Enabled Payment System have been changed by India Post Payments Bank (IPPB). The increased AePS Issuer ...

Called the “liveliness” of fingerprints, the feature is intended to prevent the use of fake fingerprints to fraudulently withdraw money thr...

” India Post Payments Bank AePS charges The first three AEPS transactions, such as AEPS cash withdrawal, AEPS cash deposit, and AEPS mini s...

During the course of the Covid-19 pandemic, several cases of fraud were reported in Jharkhand and Tamil Nadu in the direct benefit transfer...

With less than a quarter of the 2.3 lakh ATMs deployed in rural areas in the country, account holders are growing increasingly comfortable ...

The bank attained a total customer base 3.6 crore and completed over Rs 38,500 crore financial transactions cumulatively until September 15...

Soon features like cash deposit, interbank fund transfer etc. will also be made live, the company said, adding that this will benefit peopl...

Fifty days of lockdown have marked a new milestone in the history of Indian banking: Rs 1,000 crore in cash has been delivered by postmen t...

The AePS is a bank-led model which allows online interoperable financial transactions at a point of sale (PoS) through business corresponde...

AePS facilitates cashless transactions through biometric authentication. According to NPCI, which runs the platform, biometric-based transa...

A total of 6.65 crore Indian citizens availed banking services through AePS platform in July, NPCI said.

The Nandan Nilekani committee said despite the growth of financial inclusion over the years, banks have not expanded their systems, causing...