Airtel Payments Bank said on Thursday that it has launched the Aadhaar enabled payment system (AePS), which will help people to do transactions at over 2,50,000 of its banking points across India.

The system will enable customers, having Aadhaar-linked accounts of any bank, to do transactions at the designated points of the Airtel Payments Bank, the company said in a statement.

The AePS roll-out is one more step by Airtel Payments Bank to contribute towards the government's vision of financial inclusion," Airtel Payments Bank COO Ganesh Ananthanarayanan said.

Earlier, in June 2019, Airtel Payments Bank has enabled open loop BHIM UPI-based payments at over 500,000 merchant points across India, allowing consumers to make digital payments for goods and services by using any BHIM UPI-enabled bank or payments app over their mobile phones.

Airtel Payments Bank plans to significantly ramp up its offline merchant base and power at least one million offline merchants with its payments solution over the coming months, the company stated. | To read full story, visit https://startuparound.com/read/1582893006.4240484/Airtel-Payments-Bank-rolls-out-Aadhaar-enabled-payment-system?ref=audio_experience