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and criminals are using Aadhaar-enabled payment systems to breach user information. Scammers have, in the past, made use of silicone to trick devices into initiating transactions,” cybersecurity ...

Frauds related to biometric cloning and the Aadhaar-enabled Payment System (AePS) contributed to 11 per cent of the cyber-enabled financial crimes in 2023, informed Rajesh Kumar, Chief Executive ...

The Reserve Bank of India on Thursday proposed that onboarding of Aadhaar-enabled Payment System (AePS) service providers will be streamlined and additional fraud prevention measures be introduced.

Aadhaar Enabled Payment Systems (AEPS) empower individuals to utilise their identity for accessing Aadhaar-enabled bank accounts, facilitating tasks such as withdrawing funds and checking balances.

Telangana police have issued an alert on Aadhaar-enabled payment system (AePS) fraud. The state police issued the warning after a spate of instances of AePS fraud in Haryana, Jharkhand and other ...

In terms of addressing these vulnerabilities associated with the Aadhaar-enabled Payment System, RBI has announced some initiatives its going to embark on during the recent Monetary Policy Committee ...

The emergence of digital tools such as the Aadhaar-enabled Payment System (AePS), which uses the biometric-based Aadhaar identity system for cash transfers and regular banking tasks, has become a ...

India’s Unique Identification Authority (UIDAI) has established a comprehensive process for citizens to update mobile numbers associated with their Aadhaar digital identity credentials, enabling ...

Aadhaar Enabled Payment System (AePS), developed by the National Payment Corporation of India (NPCI) to facilitate financial transactions through the Aadhaar number. Individuals having an Aadhaar ...