Aeps
Aadhaar enabled Payment System or AePS is a payment system which was introduced with an aim to empower people from all parts of the society by making banking and financial services available to them. This payment system makes it possible to initiate payments through the unique identification number (UID).
AePS is a secure and user friendly system through which the user can make payments simply by providing Aadhaar verification at different locations like point of sale or micro ATMs. The AePS machine works similar to the Point of sale machine but instead of using a debit or credit card, the retailer needs to enter the customer’s Aadhaar number and biometric information. The only requirement you need for AePs is to have your Aadhaar card linked to your bank account.