Banking · Electronic Clearing Systems in India
The core function of the Aadhaar Enabled Payment System (AePS), one of the Electronic Clearing Systems in India, involves transaction authentication based on:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A One-Time Password (OTP) sent to the registered mobile number.
- 2The customer's debit card number and PIN.
- 3The customer's Aadhaar number and biometric data.✓
- 4The customer's bank account number and IFSC code.
Correct answer
The customer's Aadhaar number and biometric data.
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