RBI aims to protect Aadhaar-enabled Payment Systems (AePS) from fraud; here’s how
Monday, 12 February 2024 RBI Deputy Governor T Rabi Sankar emphasizes the need for transaction safety in rural areas where Aadhaar-enabled payment system (AePS) is widely used. He suggests using different technologies over time to enhance security. The streamlined onboarding process for AePS touchpoint operators will bolster transaction security and convenience.
RBI will review Aadhaar Enabled Payment System (AePS) due to fingerprint cloning fraud. Governor Shaktikanta Das stated AePS served 37 crore citizens in 2023. To... IndiaTimes
Monday, 12 February 2024
