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Why is it necessary to understand the concept of financial inclusion and financial involvement? Financial inclusion is the notion that everyone in our society has the right to have the ability to be involved and properly participate in the financial mechanisms of the country. There are many poor households, especially in the rural areas of India that do not have any access to the country's financial services . Many people are not aware of financial management, banks, their benefits, and their functions. Even if they know about the existence of banks, many people do not have the required access to avail services from these banks. What led to bringing about the AePS system? The financial exclusion of a vast number of people is a major problem that has been ongoing for many decades. With the advent of technology, the Government of India has taken many steps to bring access and awareness of financial services to the people. One of the main reasons for bringing about this facility...

  AePS  is a system of payment that is rooted in the Unique Identification Number and lets the users make easy and flexible financial transactions via Aadhaar based authentication. National Payments Corporation of India ( NPCI ) evolved this  Aadhaar payment system   to accredit the various sections of the society by building banking and financial services available through Aadhaar and encouraging cashless transactions in India. The financial services (like balance inquiry and cash deposit) and non-financial services (like best finger detection and e-KYC) both can be performed under this Aadhaar enabled payment system. It is a quite flexible and secure mode of payment as it only needs customers’ Aadhaar numbers at the time of sale and a   Best AePS API Provider Company . It is secure because it provides the customer with the direct bank to bank transfer without any mediator and mentioning your bank details. No OTP, only the account holder’s fingerprint is requis...