*What is AEPS?*
* AEPS is a new payment service offered by the National Payments Corporation of India to banks, financial institutions using ‘Aadhaar’.
AEPS stands for ‘Aadhaar Enabled Payment System’.
*How does AEPS work?*
Aadhaar Enabled Payment System (AEPS) is a bank led model, which allows online financial inclusion transaction at Micro-ATM
through the Business correspondent of any bank using the Aadhaar authentication. This system is designed to handle both ONUS and
OFFUS requests seamlessly in an effective way by enabling authentication gateway for all Aadhaar linked account holders.
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