Whether it is Aadhaar-enabled direct fund transfer, Aadhaar Enabled Payment System (AePS) for last-mile banking, authentications, or e-KYC for identity verification, Aadhaar has been playing an important role in supporting Digital India vision and enabling ease of living for residents.
The cumulative number of e-KYC transactions via Aadhaar so far has increased to 1,297.93 crore by the end of September 2022, the statement said. Similarly, Aadhaar-enabled payment system (AEPS) has been an enabler of financial inclusion at the bottom of the income pyramid.
Bhubaneswar (Odisha) [India], July 7 (ANI): IndusInd Bank has partnered with TP Central Odisha Distribution Ltd (TPCODL) -- a joint venture between Tata Power and Odisha state government -- to introduce a digital network for facilitating electricity bill payments across 300 semi-urban and ru
New Delhi [India], Feb 27 (ANI): India Post Payments Bank (IPPB) has achieved the milestone of two crore customers, providing a major impetus to the government's efforts in furthering financial inclusion in unbanked and underbanked areas across the country.
New Delhi [India], Dec 15 (ANI): In yet another move to encourage greater adoption of digital payments in India, the Union Cabinet on Friday approved subsidizing the Merchant Discount Rate (MDR) applicable on all debit card, BHIM UPI, Aadhaar enabled Payment System (AePS) transactions upto a