Aadhaar Enabled Payment System is a payment service empowering a bank
customer to use Aadhaar as his/her identity to access his/ her respective Aadhaar
enabled bank account and perform basic banking transactions like balance enquiry,
, cash withdrawal, remittances through a Business Correspondent.
AePS, or Aadhaar enabled payment system, is a payment mechanism that allows Aadhaar cardholders to conduct banking transactions.
Benefits of Aadhar Enabled Payment System
The facility of Cash withdrawal.
Quick Transfer Facility.
It is a safe and secure method of payment and interoperable across various banks.
With AEPS, the only information required to initiate a transaction is Aadhaar number and biometric information.
AEPS only requires biometric identification and a 12-digit unique identification code to initiate a transaction.
