aeps: NPCI stepping in to stop AePS frauds, suggests ways to banks - The Economic Times
The retail payment body which runs AePS wants banks to explicitly seek customer consent regarding this service at the time of account opening.
Aadhaar Enabled Payment System (AePS) - Aadhaar Pay
- Thread starter Sushubh
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Atlast a good step from NPCI. Many innocent people lost their hard earned money through this fraud. I hope the banks implement it asap.
Found an article from 2017 where the UIDAI CEO saying linking aadhar with bank accounts can prevent fraud 
www.livemint.com
Linking Aadhaar with bank accounts can prevent fraud: UIDAI CEO
Aadhaar-bank account linking can detect fund transfer into a beneficiary bank account if it is linked with the Unique ID, says UIDAI CEO A.B. Pandey
www.livemint.com
Spike In Aadhaar Payment Frauds Raises Security Concerns; Experts Link It With Demonetisation, Contractual Hiring
Recently, the Mumbai Police uncovered several cybercrime cases in which the accused turned out to be bank employees who were assisting cybercriminals by creating accounts for illegal transactions.
www.freepressjournal.in
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