AEPS (Aadhar Enabled Payment System)

AEPS means Aadhaar Enabled Payment System, a replacement payment service offered by the National Payments Corporation of India to banks and financial institutions using ‘Aadhaar’. Aadhaar may be a unique number issued by the Unique Identification Authority of India (UIDAI). In banking AEPS means empowerment where the provider allows a bank customer to use Aadhaar as his/her identity to access his/ her respective Aadhaar enabled checkivng account (AEPS service provider bank) and perform basic intrabank or interbank transactions.

Aadhaar Enabled Payment System is a way to get money from the bank account without your signature or debit cards. Through the Aadhaar Enabled Payment System, customers don’t even need to visit a bank branch for getting money.

Benefits:

  • You can provide mini banking service at your shop
  • You can attract customers by single solution facility at one place
  • Easy to use
  • You can earn commission on each and every AEPS Transactions
  • Instant Activation
  • Offer complete banking solution to your customers

Requirements for AEPS Transactions:

  • Bank Name
  • Aadhaar Number
  • Fingerprint captured during enrollment

Services:

  • Balance Enquiry
  • Cash Withdrawal
  • Mini statement

How can you provide AEPS service ?

It is a very easy and simple way to Provide Aeps service

First you need to connect with Digital India Portal
To join you have to click on the registration button above.
After registration is complete, you will get Retailer ID password
You can provide AEPS service to your customers by logging in as soon as you get the ID password.

error: Content is protected !!
Scroll to Top