Payment Services Ae News Today

Aadhaar Enabled Payment System (AEPS) is a payment service that allows a bank customer to use Aadhaar as his/her identity to access his/her Aadhaar enabled bank account and perform basic banking transactions like balance enquiry, cash withdrawal, remittances through a Business Correspondent.

The report provides a comprehensive analysis of Indias multi-dimensional financial inclusion landscape, delving into the progress made, persistent gaps, innovative approaches, key enablers and policy perspectives across a diverse range of thematic areas, , financial inclusion, Department of Financial Services (DFS), Ministry of Finance (MOF), finance secretary, sidbi, ACCESS Development Services, mastercard

The UIDAI has declined to answer inquiries regarding its recent efforts to combat Aadhaar-based frauds, claiming confidentiality.