Over $105 Million in cash has been delivered by postmen to bank account holders across India at their doorstep
Aadhaar is the world’s largest biometric ID system in India. An Aadhaar number is a 12-digit random number issued by the Government Authority to the residents of India after satisfying the verification process. Any individual, irrespective of age and gender, who is a resident can voluntarily enrol to obtain a Aadhaar number. The residents have to provide minimal demographic and biometric information to sign up which is absolutely free of cost. The uniqueness is achieved through the process of demographic and biometric data. India Post Payments Bank had introduced the Aadhaar Enabled Payment System (AePS) Services in Sept 2019. With AEPS any one with a bank account linked to their Aadhaar number can make cash withdrawals and balance enquiry regardless of their Bank. They can simply authenticate their identity with a fingerprint scan & Aadhaar authentication details to complete a transaction. AEPS is able to achieve low-cost cash delivery to the doorstep of various se...
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