AEPS (Aadhar Enabled Payment System)

The Government of India has launched AEPS (Aadhaar Enabled Payment System) to promote digital transactions and financial inclusion. The Digital India Portal has increased the accessibility and user-friendliness of AEPS services, thereby changing the landscape of financial transactions in the country. Secure and convenient banking transactions are easily carried out using the Aadhaar Unique Identification Number in AEPS. It is especially useful for people living in rural areas. Because banks are very far away in rural areas. Digital India portal allows citizens to conduct various financial transactions including cash deposits, withdrawals, fund transfers, balance enquiries, and Aadhar-to-Aadhar transactions. The process is easy for people who have little or no technology experience, making it accessible even to those who have little or no technology experience.

Biometric authentication, such as a fingerprint or iris scan linked to an individual’s Aadhaar number, ensures transaction security and validity, reducing the risk of fraud or identity theft. This eliminates the need for physical documents and reduces the risk of fraud or identity theft.

AEPS service of the Digital India Portal has significantly contributed to the government’s goal of creating an inclusive and cashless society. enabling millions of Indians, especially those from underprivileged backgrounds, to access banking services and join the formal financial system.