Aadhaar Enabled Payment System (AEPS)
The Aadhaar Enabled Payment System (AEPS) allows users to access banking services using their Aadhaar number and biometric authentication. Managed by the National Payments Corporation of India (NPCI), AEPS promotes financial inclusion, particularly in rural areas, by enabling cash withdrawals, deposits, and transfers at local merchants. It eliminates reliance on traditional banking infrastructure, saving time and costs. Biometric authentication ensures security and efficiency. AEPS empowers underserved communities and transforms rural banking access.
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