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RBI Tightens Due Diligence for Aadhaar Payment Operators
Financial Express Lucknow
|June 28, 2025
The Reserve Bank of India (RBI) on Friday issued guidelines to streamline the onboarding process for Aadhaar Enabled Payment Systems (AePS) touch-point operators and strengthen the fraud risk management.
The Reserve Bank of India (RBI) on Friday issued guidelines to streamline the onboarding process for Aadhaar Enabled Payment Systems (AePS) touch-point operators and strengthen the fraud risk management. The guidelines will come into effect from January 1.
"In recent times, there have been reports of frauds perpetuated through AePS due to identity theft or compromise of customer credentials. To protect bank customers from such frauds, and to maintain trust and confidence in the safety and security of the system, a need is felt to enhance the robustness of AePS," the notification issued by the central bank said.
This story is from the June 28, 2025 edition of Financial Express Lucknow.
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