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Question

AEPS is a payment service offered by NPCI to Banks, The letter ‘E’ in the abbreviation stands for

A Enables Correct Answer Incorrect Answer
B Emergency Correct Answer Incorrect Answer
C Enquiry Correct Answer Incorrect Answer
D Enabled Correct Answer Incorrect Answer
E Econometric Correct Answer Incorrect Answer

Solution

Aadhaar Enabled Payment System is a way to get money from the bank account. This system of getting money neither requires your signature nor Debit card. You don’t even need to visit a bank branch for getting money through the Aadhaar Enabled Payment System. Rather, it uses Aadhaar data for the authentication.

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