Aadhaar-enabled payment system rolled out by Airtel Payments Bank_00.1
Current Affairs   »   Aadhaar-enabled Payment System rolled out by...

Aadhaar-enabled Payment System rolled out by Airtel Payments Bank

Aadhaar-enabled payment system rolled out by Airtel Payments Bank_50.1

The Airtel Payments Bank has launched the Aadhaar-enabled Payment System (AePS). The facility has been launched by the payment bank at over 2,50,000 banking points across India. After the launch of AePS, the customers of any bank with Aadhaar-linked bank accounts will be able to do financial transactions at the designated banking points of Airtel Payments Bank. It will also allow the Airtel Payments Bank’s customers to do financial transactions at any AePS enabled bank. With the launch of the system, the Airtel Payments Bank will be able to service customers of any bank who have an Aadhaar-enabled bank account and hence, head towards the Government of India’s vision of financial inclusion.

About Aadhaar-enabled payment system (AePS):

Aadhaar-enabled payment system enables the customers to carry out different types of financial transactions such as balance enquiries, requesting mini-statements on a micro-ATM and cash withdrawals with the help of their Aadhaar number or virtual ID to access their Aadhaar-linked bank account. The desired transactions will be processed successfully only if the Aadhaar number of the customer and his/her fingerprint match the records. It offers an ease of secured banking to every customer with the help of their their Aadhaar. With this facility, the customers can do financial transactions without revealing their bank account or debit card details to anyone.

Find More Banking News Here

Aadhaar-enabled payment system rolled out by Airtel Payments Bank_60.1

×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

Thank You, Your details have been submitted we will get back to you.

Was this page helpful?

Leave a comment

Your email address will not be published. Required fields are marked *

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Login

OR

Forgot Password?

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Sign Up

OR
Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Forgot Password

Enter the email address associated with your account, and we'll email you an OTP to verify it's you.


Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to
/6


Did not recive OTP?

Resend in 60s

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Change Password



Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Almost there

Please enter your phone no. to proceed
+91

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to Edit Number


Did not recive OTP?

Resend 60

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?