Know About Aadhar Enabled Payment System

Users may make deposits, and withdrawals, check their balances, and make payments, all using the Aadhaar Enabled Payment System. Payments made using AEPS may be authenticated by a person’s Aadhaar number and fingerprint at a micro ATM or Point of Sale (PoS).

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The acronym “AEPS” stands for “Aadhaar Enabled Payment System” This mode of payment is based...