Friday, November 30, 2018

banks not to discontinue Aadhaar payment system: UIDAI

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banks not to discontinue Aadhaar payment system: UIDAI   

NEW DELHI: The UIDAI on Friday asked banks not to discontinue the Aadhaar Enabled Payment System (AEPS) as it may create obstruction in the delivery of welfare benefits. 

The clarification came after the Unique Identification Authority of India (UIDAI) took note of a letter from the State Bank of IndiaNSE -0.61 % (SBI) to the National Payments Corporation of India (NPCI). 

In the letter, dated November 19, 2018, SBI informed NPCI of its intention to discontinue Aadhaar enabled pa .. 

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