Aeps Stories

To understand in simple terms, AePS is an NPCI-led model that enables a customer to carry out basic banking transactions at a PoS (Micro-ATM) through the business correspondent of AePS enabled any bank using the Aadhaar number & biometric authentication

UIDAI asks banks to not stop Aadhaar payment system The clarification came following the Exceptional Identification Authority of India (UIDAI) took notice of a letter by the SBI into the National Payments Corporation of India.

Data published now include channels such as the federal electronic fund's transfer (NEFT), real-time gross settlement (RTGS), Aadhaar-enabled payment method (AePS), instant payment support (IMPS) and unified payments port (UPI), amongst others.