Tuesday
August 13
2019

India’s Aadhaar Pay Regains Tempo, Usage Hits 200 Million

By Pratik Bhakta

The Aadhaar Enabled Payment System (AePS), which was designed to encourage digital payments among the poor, has clocked more than 200 million transactions in July, regaining lost momentum.

More than 206 million successful AePS transactions were recorded in July, up 11% from 185 million in June, according to the National Payments Corporation of India’s (NPCI’s) latest data.

Photo courtesy of Institute for Money, Technology and Financial Inclusion.

Source: Economic Times (link opens in a new window)

Categories
Finance
Tags
digital payments, emerging markets, financial inclusion, fintech