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It's widely called Aadhaar based payment method.
Before digging dipper to the nitty-gritty of AEPS, we will need to comprehend the requirement for it.There was a really major portion of the populace that unbanked or off to use banking centers.
They were off to find the benefit of government and banking strategies.
To remove this issue, the authorities found a remedy as AEPS.
AEPS is helping bring all of the unbanked segments of society together at precisely the exact same banking frame.AEPS solved all of the issues as a minimal cost using the best possible.Before a time, particularly in rural areas where the majority of the folks do not have smartphones were not able to utilize banking services.
They needed to see cities to utilize banking services that were actually panic.
