Aadhar Enable Payment System
In order to speed up financial inclusion in Aadhaar country, two working groups were formed by RBI for micro ATM standards and basic financial inclusion transactions under the directive of the government, which is RBI, Specific The Identification Authority, NPCI, Development Institute, and Research in Banking Technology and represent some of the specially invited banks and research institutes that we see. We see that the group working on micro ATM and micro ATM standards and central infrastructure and connectivity has submitted its report to RBI. As a part of the working group, it was proposed to operate a Level Proof of Concept (PoC), the same we can do easily, integrating UIDAI's authentication and encryption standards, micro ATM To test standards and the impact of transactions before they use Aadhaar to make their actual use. This service has been seen in many places. Let us show you AePS is a bank-led model that allows inclusion transactions online interoperable ...