AEPS Service
What Is AEPS?
Aadhaar Enabled Payment System also known as AEPS in short is basically a new payment service provided by the NPCI to banks and financial companies using ‘Aadhaar card’. Aadhaar is issued by UIDAI (Unique Identification Authority of India). It is a unique identification number of every individual in India
Who Can Use This?
Who Can Use This?
A Business Correspondent appointed by a bank can use this AEPS API to provide banking services in the areas where banks don’t have any branch. These Business Correspondents can use our API to offer AEPS services to the customers of banks
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How Does It Works?
How Does It Works?
AEPS is an online payment solution. It is a simple and secure system which allows people to carry on transactions at point of sale or small scale ATM's just by providing their Aadhaar number and fingerprint scan for verification. Funds can be transferred from one bank to another just by providing your Aadhaar details and fingerprint scan. Bank account details are not required for the same. Funds can be transferred from one account to another in any bank.
- Cash Withdrawal
- Balance Enquiry
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