Banking Services
AePS (Aadhaar Enabled Payment System)
In 2019, the transaction count of AePS stood at 2 Lakh Cr. with a transaction value of Rs 109 Lack crore , up from a growth of 7% from the previous years transaction count and value.
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Money Transfer (DMT)
According to the records of 2019 , the total volume of transfers in India were approx INR 4.5 Lakh Cr. thereby accounting for a large chunk of the overall domestic transfers.
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Aadhaar Pay simplifies receiving payments from customers. To confirm a transaction, you need the customer's Aadhaar number. To pay, enter your Aadhaar number, select your bank, and place your finger on the biometric device to verify. Once connected to the system, the transaction is processed.
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Micro ATM
The finance ministry's Department of Financial Services (DFS) stated that the Mini - ATM transactions double to 1.13crore per day during lockdown in 2020 then the count of previous years transaction.
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