AePS will be linked to banks as part of the mass roll out making it easier for merchants


National News:

Do not rush to enrol for Aadhaar - MLA Pramod Madhwaraj-enabled payment system (AePS) will soon go mass in nature. With four to five banks on board, this system thus far, and more in the offing to join it, the process of rolling out this on a larger scale will be a reality soon, noted Ravi Shankar Prasad, union minister for electronics and information technology . AePS will be linked to banks as part of the mass roll out making it easier for merchants to carry out such transactions on a larger scale, he noted.Inaugurating the 32nd Digi Dhan Mela , an awareness camp for promoting and publicizing various methods of digital payments here on Wednesday, Ravi Shankar said with 35 crore smart phones in operation in India, AePS will ensure that transactions are truly cashless.



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