Almost all financial transactions have moved online in India, where UPI takes a major chunk of consumer transactions daily. To provide a more convenient and efficient platform, the government of India ...

In line with Supreme Court’s verdict on Aadhaar in September 2018, the Unique Identification Authority of India (UIDAI) has told banks to continue with the Aadhaar-Enabled Payment System (AePS). The ...

Cyber fraudsters have found a way to beat the facial recognition system in the Aadhaar Enabled Payment System (AePS) using AI-generated deepfake videos, bypassing the need for an OTP entirely. The ...

With this, the PoS will be able to determine whether the fingerprint being used belongs to a person who’s alive or not The government has around 5 Mn AEPS PoS machines across the country, of which 3.5 ...