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AADHAAR ENABLED PAYMENT SYSTEM (AEPS)

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AEPS is a bank led model which allows online interoperable financial inclusion transaction at PoS (MicroATM) through the Business correspondent of any bank using the Aadhaar authentication. It 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 deposit, cash withdrawal, remittances through a Business Correspondent.
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http://npci.org.in/home.aspx
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Last Updated: Tue, 08/13/2019 - 18:25