The Aadhaar enabled payment system actually supports the online payments in a wide variety of the performance on the basis of Aadhaar number. The AEPS allows the transfer of the payments as well as the biometric authentification .The aadhaar enabled payment system agency provider allows the customers to carry out all its financial transactions on the micro ATM which is being provided by the banking correspondent through the utilization of the unique identification of Aadhaar number.
This system has been specifically designed and developed for handling all kinds of the banking transactions in a highly effective manner through the facilitation of the authentification gateway for all the Aadhaar linked account holders. With the AEPS which is being powered by the aadhar enabled payment system agency provider in Kolkata, the cash withdrawal, deposits as well as checking the balance is much easier and convenient. This bank-led model facilitates the online and interoperable financial inclusion transaction in the PoS (Micro ATM) through the business correspondence of the bank using the aadhaar authentification.
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