AePS

Definition : Aadhaar enabled Payment System
Category : Business » Banking
Country/Region : India India
Popularity :

What does AePS mean?

AePS Aadhaar enabled Payment System (AePS) is an Indian payment system which allows online interoperable financial transaction at Micro ATM or Point of Sale (PoS) terminal through the Business Correspondent (BC) of any bank using the Aadhaar authentication. In order for the AEPS to work the Aadhaar number should be linked with the bank account. AEPS can be used for Aadhaar to Aadhaar fund transfer, balance inquiry, cash withdrawal, mini statement, etc.

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Frequently Asked Questions (FAQ)

What is the full form of AePS in Banking (India)?

The full form of AePS is Aadhaar enabled Payment System

What is the full form of AePS in Business?

Aadhaar enabled Payment System

What is the full form of AePS in India?

Aadhaar enabled Payment System