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Tata to take on NPCI’s Aadhaar Payments Systems with Universal PoS, sound-based

Shortpedia

Content Team
Image Credit: Inc42

Tata Group’s retail payment entity Tata Sons is reportedly working on a mobile phone-based universal point of sale (PoS) system that could replace all thumbprint-powered transactions like Aadhaar-enabled Payment System (AePS) in India. The payment system will be interoperable across all payment operators in the country. Notably, AePS is a popular payment system in rural India and its transactions have nearly doubled in one year.