Aadhaar Enabled Payment System
(AePS) is a National Payments Corporation of India-supported payment method. AePS is a payment system assisting banks and financial institutions in providing a one-stop solution for every banking need of a person who is underbanked, unbanked or belongs to a migrant population in India. AePS services are provided by Business Correspondents (Agents/ Service Providers) appointed by financial institutions who act as a mediator between banks, financial institutions and customers.