Tata Group wing to take on NPCI’s Aadhaar Payment System (AePS)
Tata Sons group is working on a cellphone-based universal point of sale (PoS) system
A system to replace all kinds of thumbprint-powered transactions
It will be interoperable for all payment operators in the country
AePS transactions have doubled from Rs 11,286 Cr in Jan 2020 to Rs 21,978 Cr in Jan 2021
Tata Group recently sought New Umbrella Entity (NUE) license from the RBI
