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RBI tightens Aadhaar-enabled payment norms to curb frauds
The New Indian Express Sambalpur
|June 29, 2025
IN its effort to further strengthen customer protection by preventing frauds, and also to bolster the trust in Aadhaar-enabled payment system (AePS) transactions, the Reserve Bank has issued tighter compliance directives for banks and also the National Payments Corporation (NPCI).
These guidelines, issued on Friday, mandate rigorous due diligence and risk management measures for AePS touchpoint operators, and will come into force from January 1, 2026, the RBI said in a circular. The move aims at addressing identity theft and fraud incidents, which have been rising of late, enhancing financial inclusion in rural areas.
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