How Aadhaar-Enabled Payment System (AePS) Works?

Aadhaar Verification: Link Aadhaar to a bank account, using biometric data like fingerprints or iris scans.

Micro-ATMs: Local agents equipped with handheld devices serve as Micro-ATMs.

Transaction Authentication:  Users initiate transactions with Aadhaar details and biometric scans.

Services:  AePS offers cash withdrawals, balance checks, and fund transfers.

Empowering the Unbanked: AePS extends banking to remote areas, bridging gaps in financial access.

Instant Insights:  Quick balance inquiries help users make informed financial decisions.

Secure Transfers:  Users can send money securely to other Aadhaar-linked accounts.

Financial Inclusion   AePS advances financial inclusion, empowering the underserved.

Government Benefits: It facilitates government benefit distribution, minimizing leakage.