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Paytm enables banking services through Aadhaar

August 25, 2020

Paytm enables banking services through Aadhaar

Paytm Payments Bank Ltd (PPBL) said it has empowered financial administrations through Aadhaar by coordinating with the Aadhaar empowered Payment System (AePS).

PPBL’s clients can access to essential financial administrations, for example, money withdrawal, balance enquiry and acquire a scaled down explanation through a business reporter of any banking and budgetary organization in the nation, an announcement said.

Highlights like money store and interbank subsidize move will likewise be made live soon that will profit individuals in rustic and semi-urban territories who have constrained access to the physical bank office and ATM, it included.

AePS is a NPCI-drove model which permits online interoperable budgetary incorporation exchanges at PoS (Micro ATM) through the business journalist of any bank utilizing the Aadhaar confirmation.

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