Aadhaar enabled payment system growth slows in FY20

AePS facilitates cashless transactions through biometric authentication. According to NPCI, which runs the platform, biometric-based transactions grew by 10% to 208 million transactions in October 2019 from 189 million in April. October usually sees high transactions because of the festive season and higher remittance from urban to rural areas.

from Banking/Finance-Industry-Economic Times https://ift.tt/2RfomIi