India Post Payments Bank (IPPB) has rolled out Aadhaar Enabled Payment System (AePS) services on September 9. With AePS services, individuals can withdraw cash and check account balance of their Aadhaar-linked bank accounts. To enable this, they have to “authenticate” a transaction with their fingerprint and Aadhaar authentication. Ministry of Communications, in a statement, said that this makes IPPB the largest platform in the country for providing interoperable banking services. IT Minister Ravi Shankar Prasad, who announced the rollout, said that IPPB should target to have 5 crore customers on its platform by next year. He also said that the government's direct benefit transfer (DBT) schemes should be available on the IPPB platform as well. "With IPPB’s AePS Services, we now have the ability to provide interoperable doorstep banking services to customers of any bank including the 34 crore Jan…
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