Compromised Aadhaar numbers and fingerprint biometrics, via mainly land and property registration records, are the reason behind frauds in the Aadhaar-enabled payment system (AePS), the Minister of ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Aadhaar enabled payment system or the ...

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 ...

With this, the PoS will be able to determine whether the fingerprint being used belongs to a person who’s alive or not The government has around 5 Mn AEPS PoS machines across the country, of which 3.5 ...

In recent weeks, several bank account holders across India have woken up to find their accounts emptied—without performing any transactions themselves. The culprit? Aadhaar-based biometric fraud ...

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 ...

Aadhaar regulatory body Unique Identification Authority of India (UIDAI) has asked banks not to discontinue the Aadhaar Enabled Payment System (AePS) as it may cause problems in delivering welfare ...

Imagine this: You haven’t used your bank account for days, yet your money vanishes. No debit card swipes, no UPI transfer—just a cash withdrawal through an ...

For millions of Indians who rely on government subsidies, one of the biggest frustrations has been figuring out whether their Aadhaar is correctly linked to their bank account. The Aadhaar seeding is ...