AEPS full form in banking


Kavitadevis

Uploaded on Aug 10, 2021

Category Business

The full form of AEPS in banking is Aadhaar Enabled Payment System or also it is Micro ATM, which is developed by the umbrella body for digital transaction NPCI-National Payment Corporation of India, is a sort of an installment framework that permits to do monetary exchanges via Aadhaar based confirmation.

Category Business

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AEPS full form in banking

AEPS full form in banking The full form of AEPS in banking is Aadhaar Enabled Payment System or also it is Micro ATM, created by the National Payments Corporation of India (NPCI) that permits individuals to do monetary exchanges on a Micro-ATM by outfitting simply their Aadhaar number and checking it with the assistance of their unique finger impression/iris examine. Individuals don't need to specify their ledger subtleties to do these exchanges. With the assistance of this installment framework, individuals can send assets starting with one financial balance then onto the next just through their Aadhaar numbers. As the framework chips away at a brought together worker, individuals can send cash from their record to any record regardless of the bank wherein the beneficiary's record is worked.