AePS-based transactions hit 100 million in August: NPCI data reveals

AePS transactions show a consistent upward trend

In August, transactions through the Aadhaar Enabled Payment System (AePS) surged to 100 million, according to data released by the National Payments Corporation of India (NPCI) on Sunday. The total transaction amount for the month reached Rs.24,676 crore.

The average daily transaction count stood at 3.21 million, with an average daily transaction amount of Rs.796 crore. This represents an increase from July, when AePS transactions totaled 97 million with a transaction amount of Rs.24,218 crore, and an average daily transaction count of 3.12 million, amounting to Rs.781 crore.

AePS transactions have shown a consistent upward trend, growing by 11 percent in volume from 90 million in May to 100 million in August.

In addition to AePS, Immediate Payment Service (IMPS) fund transfers totaled Rs.5.78 lakh crore in August, reflecting a 12 percent year-on-year growth. The average daily transaction count was 15 million, with an average daily amount of Rs.18,642 crore.

The NETC FASTag system recorded 329 million transactions in August, marking a 7 percent growth, with Rs.5,611 crore collected—an 8 percent year-on-year increase. The average daily volumes were 10.61 million, with an average daily collection of Rs.181 crore.

AePS continues to play a crucial role in promoting financial inclusion, particularly for those at the lower end of the income spectrum. It supports over 1,100 government schemes and initiatives, enhancing efficiency, transparency, and service delivery. The bank-led AePS model facilitates online interoperable transactions at Point of Sale (MicroATM) using Aadhaar authentication, enabling a range of financial services.

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