Aadhaar Enabled Payment Service (AEPS)
Aadhaar enabled payment service was developed by NCPI to facilitate financial transactions just by using Aadhaar number. This was introduced after making Aadhaar linkage to bank account mandatory. It offers services like fund transfer, cash withdrawal, balance enquiry, payment transaction, etc. No OTP or ATM pin is required here. As the name suggests, the Aadhaar … Read more