Airtel enables Aadhaar enabled Payment System across 250,000 Airtel Payments Banking Points
Airtel Payments Bank has now enabled Aadhaar Enabled Payment System (AePS) at over 250,000 banking points across the comity. This will help not just Airtel Payments bank customers but also to customers of any AePS enabled bank.
Customers of any bank with Aadhaar linked bank accounts can do financial transactions at AePS enabled banking points of Airtel Payments Bank. Airtel Payments Bank customers can also do the same at any AePS enabled bank.
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AePS increases the security layer of the banking process. These transactions are author authenticated only if the customer’s Aadhaar number and fingerprint match. So, your transactions will be safe. Customers can withdraw funds, make balance inquiries and request mini-statements.
Mr. Ganesh Ananthanarayanan, Chief Operating Officer, Airtel Payments Bank, said, “We are excited to be a part of AePS, which will allow us to service customers of any bank who have an Aadhar enabled Bank Account. The AePS platform offers ease of secured banking to everyone by using only their Aadhaar. AePS roll-out is one more step by Airtel Payments Bank to contribute towards the Government of India’s vision of financial inclusion.”
Airtel Payments Bank was launched back in January 2017. In just 3 years, the company managed to get over 40 million+ customers. They also have 500K banking points across the country serving its customers.