Aadhaar-enabled transactions cross 200 million

Aadhaar-enabled transactions cross 200 million
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Highlights

The umbrella body for digital transactions, NPCI, on Monday said that Aadhaar enabled Payment System (AePS) crossed the milestone of over 200 million transactions during July this year.

New Delhi: The umbrella body for digital transactions, NPCI, on Monday said that Aadhaar enabled Payment System (AePS) crossed the milestone of over 200 million transactions during July this year.

AePS is a bank led model which allows basic interoperable banking transactions at point of sale (PoS or MicroATM) through the business correspondent of any bank by using Aadhaar authentication.

"AePS has become instrumental in driving the financial inclusion programme in India.

In July 2019, the transaction count of AePS stood at 220.18 million with transaction value Rs 9,685.35 crore, compared to transaction count of 194.33 million and a transaction value of Rs 8,867.33 crore in the month-ago period same year," NPCI said in a release.

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