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    Question

    AEPS primary purpose is to facilitate financial transactions for Aadhaar card holders What does AEPS stand for?

    A Aadhaar Electronic Payment System Correct Answer Incorrect Answer
    B Aadhaar Enabled Payment Service Correct Answer Incorrect Answer
    C Aadhaar Enabled Payment System Correct Answer Incorrect Answer
    D Aadhaar Enabled Payment Solution Correct Answer Incorrect Answer

    Solution

    AEPS stands for Aadhaar Enabled Payment System. Its primary purpose is to facilitate financial transactions for Aadhaar card holders through Aadhaar-based authentication. AEPS empowers individuals across society by providing access to financial and banking services, including fund transfers, payments, deposits, withdrawals, balance inquiries, and more, all through the Aadhaar identification system.

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