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What is Aadhaar Enabled Payment System (AEPS) & Cashless India?
AEPS stands for aadhaar enabled payment system. Aadhaar enabled payment system is the type of payment system which is based on digital India concept. You can use this service by using aadhaar card number and biometric authentication. Aadhaar enabled payment system and cashless India are similar concepts.
After demonetization, Indian government emphasis on digital India or cashless India concepts to stop black money problem. By keeping this in mind, Indian government starts many services. Aadhaar enabled payment system is one of them. This service is basically started for those ruler area people, who don’t use smartphones and credit or debit cards. By using this service they can perform banking activities, by using aadhaar card number and biometric authentication.How Does Aadhaar Enabled Payment System Works?
As we know aadhaar enabled payment system is the type of payment system which is done by using aadhaar card number and biometric authentication. Here we learn how aeps works?
Learn More: Aadhaar Enabled Payment System
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