Aeps: The Aadhaar Enabled Payment System (AEPS)

The Aadhaar Enabled Payment System (AEPS) is a payment platform developed by the National Payments Corporation of India (NPCI) that facilitates financial transactions through Aadhaar-based authentication. AePS is a bank led model that allows online interoperable financial inclusion transactions at PoS using Aadhaar authentication. Learn about the objectives, features, services and benefits of AePS for customers, merchants and banks. AePS lets you access your bank account effortlessly using your Aadhaar number and your fingerprint. No more worrying about complicated account numbers or carrying physical cards. You can make secure payments by verifying your identity with a quick fingerprint scan. Interoperability: AePS system facilitates inter-operability across banks in a safe and secure manner, providing a convenient way to send and receive money, eliminating the need for physical bank branch visits.