Aadhaar Enabled Payment System

The Aadhaar Enabled Payment System (AEPS) is a financial inclusion initiative in India that leverages the Aadhaar (Unique Identification) number to enable basic banking transactions for individuals, particularly in rural and remote areas. Aadhaar is a 12-digit unique identification number issued by the Unique Identification Authority of India (UIDAI) to residents of India, based on their biometric and demographic data.