UIDAI added a new security feature to the Aadhaar Enabled Payment System

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The UIDAI (Unique Identification Authority of India) recently added a new security feature to the Aadhaar Enabled Payment System (AEPS). The security feature is known as fingerprint ‘liveliness,’ and it is expected to help prevent the use of forged fingerprints to withdraw money via AEPS.

According to an ET report, a senior government official stated that the new feature has been pushed to AEPS point of sale (PoS) machines via a software upgrade. The PoS can now determine whether the fingerprint being used belongs to a living person or not.
The official mentioned above also stated that instances of fraud are extremely rare (about 0.005%). According to current statistics, AEPS has enabled over 1,507 Cr last-mile banking transactions. As a result, there have been approximately 7.54 lakh fraudulent transactions in the system (a simple calculation, taking the number of transactions and the percentage of fraudulent transactions).

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StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.

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UIDAI added a new security feature to the Aadhaar Enabled Payment System

The UIDAI (Unique Identification Authority of India) recently added a new security feature to the Aadhaar Enabled Payment System (AEPS). The security feature is known as fingerprint ‘liveliness,’ and it is expected to help prevent the use of forged fingerprints to withdraw money via AEPS.

According to an ET report, a senior government official stated that the new feature has been pushed to AEPS point of sale (PoS) machines via a software upgrade. The PoS can now determine whether the fingerprint being used belongs to a living person or not.
The official mentioned above also stated that instances of fraud are extremely rare (about 0.005%). According to current statistics, AEPS has enabled over 1,507 Cr last-mile banking transactions. As a result, there have been approximately 7.54 lakh fraudulent transactions in the system (a simple calculation, taking the number of transactions and the percentage of fraudulent transactions).

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Editorial Team
StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.

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