AEPS - Aadhaar enabled payment system

Features of AEPS

• Had to be used by low literacy population
• Had to reach millions i.e. telecom network
• Had to ensure payments reached right person

Hence, microATM with Aadhaar as biometric identity

Aadhaar Payments Bridge

• Aadhaar becomes financial address of an individual
• all subsidies sent to Aadhaar account
• can be withdrawn at any correspondent bank

How APB works?

• Layer one maps Aadhaar number to bank, held by APB
• Layer two maps Aadhaar number to individual bank a/c, held by bank
• Therefore, no single record of Aadhaar number and bank account
• Moving accounts requires bank to make an update at APB end

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