The Aadhaar Enabled Payment System, or AEPS for short, is a payment system that functions with a unique identification number. NPCI has launched the Aadhaar Enabled Payment System in November 2010 to replace the current manual payment system. It allows users to make cash payments, deposit and withdraw cash, transfer funds, and perform many other transactions. Here’s how to use this system.
Aadhaar is the unique identification number that enables users to use a bank’s services. To use AEPS, a member must have their Aadhaar linked to their bank account. This requires the Issuing Bank to be a member of the NFS network, a sub-member of the NPCI, and enabled on AEPS provided by NPCI. For more information, visit the website below.
Aadhaar Enabled Payment System is an electronic payment system based on a central server. It allows users to make secure payments from any bank account without giving out any personal information. It also supports transactions with fingerprint security, which makes it a popular choice for both merchants and consumers. By making transactions online with Aadhaar, users can take advantage of a variety of government schemes. The full form of Aadhaar Enabled Payment System is shown below.
AEPS is a national payment system operated by the National Payments Corporation of India. Learn more about AEPS and its full form and get started today! All you need to know about AEPS is:
When you have completed the AEPS system, you will be able to earn money through the system. If you have a valid account with one of the AEPS providers, you can register as an admin and earn a commission by creating members in your downline. AEPS is an excellent way to earn money online. And with an AEPS system, you can begin earning right away. The process is simple and you can expect to make money in no time.
Aadhaar-based payment systems provide instant cashless transaction services. Aadhaar-based payment services have penetrated all sectors of society. In the past, many underprivileged areas of the country remained untouched by the banking system, and this makes it even more important to get to know the benefits this payment system provides. The NPCI and RBI have implemented AEPS as part of their digital India project.