Aadhaar Enabled Payment System (AEPS) is a bank led model, which allows online financial inclusion transaction at Micro-ATM through the Business correspondent of any bank using the Aadhaar authentication.
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Micro ATMs are card swipe machines through which banks can remotely connect to their core banking system. In other words, micro ATMs are handheld point of sale terminals used to disburse cash in remote locations where bank branches cannot reach.
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