Aadhaar enabled Payment System offers some basic financial services (money deposits, balance surveys, cash withdrawals and remittances) to low-cost accessing devices (called MicroATMs) managed in an interoperable manner by business correspondents.

Aeps facilitates cashless transactions mostly with the help of further biometric authentication. According to NPCI, which manages the website, biometric transactions increased by 10% once again to 208 million transactions even in October 2019, somewhat from 189 million transactions cited in the Economic Times instead in April. Now, can you just think of the market potential that it has created? This device needs low investment and has a higher chance of profits, so let us hear about it just now!