Question
AEPS primary purpose is to facilitate financial
transactions for Aadhaar card holders What does AEPS stand for?Solution
AEPS stands for Aadhaar Enabled Payment System. Its primary purpose is to facilitate financial transactions for Aadhaar card holders through Aadhaar-based authentication. AEPS empowers individuals across society by providing access to financial and banking services, including fund transfers, payments, deposits, withdrawals, balance inquiries, and more, all through the Aadhaar identification system.
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