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The Aadhaar Enabled Payment System (AePS) is a bank-led model developed by NPCI, which allows online transactions at Micro ATM/Kiosk/mobile devices through the authorised Business Correspondent (BC) of any bank using Aadhaar authentication.
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AEPS Software Provider
This solution has been designed by NPCI to handle various kinds of service requests effectively by enabling an authentication gateway for all Aadhaar linked account holders. Any resident of India having an Aadhaar number linked to a bank account – referred to as an Aadhaar Enabled Bank Account (AEBA) – can utilise the AePS service.
AADHAAR Enabled Payment System is a payment service empowering a bank customer to use basic financial services (cash deposit, balance enquiry, cash withdrawal and remittance) through Aadhaar Number Authentication. AEPS, a new age banking service has been approved by the Reserve Bank of India (RBI). The AEPS allows transactions using biometric authentication identify aadhaar number which is link with corresponding bank account and enables a person to carry out financial transaction on a micro-ATM provided by a banking correspondent. It is a unique and innovative system that allows trader/merchant to collect payment, operate as mini ATM for cash withdrawal, deposits, fund transfer and balance enquiry using Aadhaar Enabled Payment System. We provide you stander AEPS software with Integrated AEPS API solution.
