Uploaded on Aug 10, 2021
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.
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.
Comments