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Aadhar Enabled Payment System (AePS)
The Aadhaar Enabled Payment System (AePS) is a digital payment platform in India that allows financial transactions using an individual's Aadhaar number and biometric authentication. Developed by the National Payments Corporation of India (NPCI), AePS enables people to access banking services like cash withdrawals, balance inquiries, and money transfers through micro ATMs or banking correspondents without needing a physical bank account. It aims to promote financial inclusion, particularly in rural areas, by providing a secure, easy-to-use system that links directly to a person's Aadhaar-linked bank account.