National Payments Corporation of India has announced that Aadhaar enabled Payment System has crossed the milestone of over 200 million transactions during July 2019. The transaction count of AePS stood at 220 million in july 2019.
AePS is a bank led model which allows basic banking transactions at point of sale. AePS empowers a bank customer to use Aadhaar as identity to access respective Aadhaar enabled bank account and perform basic banking transactions like cash withdrawal, intrabank or interbank fund transfer and balance enquiry.
Static/Current Takeaways Important For RRB NTPC Mains:
- MD & CEO of NPCI: Dilip Asbe.
Source: The DD News