What is AEPS? The National Payments Corporation of India (NPCI) launched AEPS as an advanced payment system. AEPS stands for Aadhaar Enabled Payment System and operates using the Aadhaar card, a unique identification number issued by the Government of India. This system simplifies banking transactions, making financial services accessible to individuals in remote and underserved … Read more
As India progresses toward digitalization, the AEPS business is expanding at a rapid pace. Not only is it gaining traction in rural areas, but it is also experiencing significant growth in semi-urban and urban regions. The primary reason behind AEPS’s rising popularity is its simplicity, speed, and secure transaction process. Over the years, it has … Read more
The Aadhaar Enabled Payment System (AePS) is a highly secure digital payment framework designed to enhance financial inclusion and provide banking access to individuals from different socio-economic backgrounds. AePS allows Aadhaar cardholders to carry out both financial and non-financial transactions seamlessly by leveraging their unique Aadhaar number along with biometric authentication. Additionally, AePS simplifies banking … Read more
This is the era of startups, and financial technology or fintech makes up a massive portion of these up-and-coming businesses. It is no secret that we’re moving towards a largely cashless society, and thanks to fintech startup like Aadhaar Enabled Payment System (AePS) even India’s rural regions are catching up at a swift pace. Hence, … Read more