Aadhaar Enabled Payment System

Category: Finance

With the increasing popularity of digital payments, the Indian government has been keen on implementing a payment system that is both efficient and secure. The Aadhaar Enabled Payment System (AEPS) is such a system that allows users to make digital payments using their Aadhaar numbers. The AEPS is a boon for rural India, where access to banking services and digital payments is limited. The system allows users in rural areas to make digital payments without having to visit a bank or use a computer. This helps to improve financial inclusion and promote cashless transactions in rural areas.