AEPS -Aadhaar Enabled Payment System
What is AEPS ?
Aadhaar enabled payment system (AEPS) is a secured payment method provided by the National payments corporation of India (NPCI) that allows aadhaar linked bank account holders to avail basic banking services such as balance inquiry & cash withdrawal. Customers simply need to tell our Retailer or Distributor their 12-digit aadhaar number and aadhaar linked Bank name. Fingerprint authorization is done using a biometric device to avail the service.
Use of AEPS
- Cash withdrawal
- Payment transfer
- Balance enquiry
- Mini statement