Aadhaar-enabled Payment System (AePS)
Facts for Prelims (FFP) Source: The Hindu Context: Scammers are reportedly using leaked biometric details (silicone thumbs), bypassing the need for OTPs, to siphon money from users’ bank accounts. About Aadhaar-enabled Payment System: Aadhaar-enabled Payment Services (AePS) is a bank-led model, which allows online financial transactions at Point-of-Sale (PoS) and Micro ATMs through the business …
