Aadhaar Enabled Payment System (AePS)- Explained | News and Views | UPSC | NEXT IAS
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Scammers are reportedly using leaked
Scammers are reportedly using leaked biometric details, bypassing the need for OTPs, to siphon money from users’ bank accounts. It is a bank-led model which allows online financial transactions at Point-of-Sale (PoS) and Micro ATMs through the business correspondent of any bank using Aadhaar authentication. It is created by the National Payments Corporation of India. Watch the full video for the complete overview.
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