AEPS Insights | Sumble

What is AEPS?

AEPS stands for Aadhaar Enabled Payment System. It's a payment system in India that allows people to make financial transactions using their Aadhaar number and biometric authentication (fingerprint). It is commonly used for cash withdrawals, balance inquiries, fund transfers, and other basic banking services, especially in rural areas where traditional banking infrastructure is limited.

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What other technologies are related to AEPS?

AEPS Complementary Technologies

BBPS

Bharat Bill Payment System (BBPS) is a bill payment service. AEPS can be used to transfer funds and BBPS can be used to pay bills; therefore these technologies are complementary as they serve different parts of the same overall financial transaction process.

mentioned alongside AEPS in 40% (56) of relevant job posts

DMT

Domestic Money Transfer (DMT) allows for the transfer of money to family and friends. AEPS facilitates cash withdrawal and basic banking services, while DMT enables broader money transfer capabilities. They can be complementary within a broader financial inclusion strategy, where AEPS enables access and DMT facilitates transfer.

mentioned alongside AEPS in 27% (69) of relevant job posts