Airtel Payments Bank Now Offers AePS Aadhaar Enabled Payment System or AePS is a new payment system which allows customers to carry out financial transactions on a micro-ATM by using their Aadhaar number or virtual ID. Usage of Aadhaar or virtual ID gives access to the Aadhaar linked bank account. It is also worth noting that the transactions will be authenticated only if the customer’s Aadhaar number and fingerprint match the records. With AePS, Airtel Payments Bank will be able to offer a wide range of banking services to its account holders as well to customers of other banks who will now be able to withdraw, make balance enquiries and request mini-statements at the 2,50,000+ AePS enabled banking points of Airtel Payments Bank. Similarly, Airtel Payments Bank customers will be able to avail these services from any other AePS enabled bank which is an added advantage. AePS will increase the security layer of the banking processes at Airtel Payments Bank as customers complete their banking transactions with just their Aadhaar number without revealing their bank account or debit card details to anyone.
