The full form of APBS is Aadhaar Payment Bridge System. It is a payment system based on Aadhaar numbers issued by UIDAI & IIN (Institution Identification Number) and implemented by NPCI. Aadhaar Payment Bridge System (APBS) is used for credit transactions for Government or Government agency disbursements of benefits and subsidies under Direct Benefit Transfer (DBT) scheme launched by the Government of India. For example, APBS is used for the transfer of LPG subsidy. Main benefit of APBS is to sub-serve the goal of Government of India (GOI) and RBI in furthering Financial Inclusion by way of processing government disbursement using Aadhaar number.
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