AEPS

Different modes of payment in India

You will be surprised by the large number of options available in India for making payments – both offline and online. I have created an image that catalogues the different ways of making payments so that anyone interested can find what they need and use what suits them best. NEFT: National Electronic Funds TransferRTGS: Real-time …

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All that you need to know about Aadhar Enabled Payment System (AEPS)

What is Aadhar enabled payment system (AEPS)? It is an Aadhaar based banking solution enabling you to operate Aadhaar linked bank accounts and carry out transactions using nothing but Aadhaar number and authentication through fingerprints. It provides interoperability between customers and bank at point of sale (PoS) – for example a grocery shop- and ensures …

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