PhonePe is the first UPI Third Party Application Provider (TPAP) App to roll out the Aadhaar-based UPI onboarding flow that will now enable several crore Indians to become a part of the UPI ecosystem.
The Aadhaar Enabled Payment System is developed by NPCI that allows people to carry out financial transactions by furnishing just their Aadhaar number and verifying it with the help of their fingerprint/iris scan. Any bank customer who has their Aadhaar as their identity can access their respective Aadhaar-enabled bank account and perform basic banking transactions […]
