What is AePS?

Aadhaar-enabled payment system (AePS) developed by National Payment Corporation of India (NPCI) aims to facilitate financial transactions through the Aadhaar number.

It enables an individual to use the Aadhaar number to access their Aadhaar-linked bank account and perform transactions including cash withdrawals, cash deposits, interbank fund transfers, etc. AePs was launched to enhance financial inclusion and subserve the RBI's goal of electronifying retail transactions.

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