Aadhaar Enabled Payment System (AEPS), is a payment service method provided by the National Payments Corporation of India (NPCI) that allows users to make financial transactions using their Aadhaar number as an identifier. It facilitates seamless banking services, particularly in rural and underserved areas, enabling users to withdraw cash, make deposits, and transfer money without the need for traditional banking infrastructure. By leveraging biometric authentication, AEPS enhances security and accessibility, empowering millions to engage in digital financial services.
It facilitates seamless banking services, particularly in rural and underserved areas, enabling users to withdraw cash, make deposits, and transfer money without the need for traditional banking infrastructure. By leveraging biometric authentication, AEPS enhances security and accessibility, empowering millions to engage in digital financial services.
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