AEPS Full Form is an Aadhaar compatible payment system that allows any bank customer to access basic banking services with the Aadhaar card as well as finger print authentication.

NPCI began AEPS service to expand banking services in the rural and semi-urban regions in which ATMs and banks aren't available.

It's a cost-effective, highly accessible bank system that is accessible in India in the present, which is providing services for banking across India. In terms of the future, data from the National Payment Corporation India indicates how the amount of money spent made through AEPS has almost tripled up to 21978.51 billion in 2021, up, up from 11286.61 million in the month of January of last year.