Aadhaar Enabled Payment System (AEPS)

     , ,      12 comments

  • AEPS allows bank-to-bank transaction at PoS (MicroATM) with the help of Banking  Correspondent
  • Seed your account with your Aadhaar number
  • Now do transactions without remembering any PIN

Aadhar enabled Services

  – Balance Enquiry
  – Cash Withdrawal
  – Cash Deposit
  – Aadhaar to Aadhaar Funds Transfer

Key Steps for AEPS Transaction

  1.        GO TO A MICROATM OR BANKING CORRESPONDENT 
  2.       PROVIDE YOUR BANK NAME AND AADHAAR
  3.        CHOOSE WHICH TRANSACTION TO DO
  4.        PROVIDE FINGER PRINT ON SCANNER
  5.        ON SUCCESSFUL TRANSACTION, TAKE THE PRINT SLIP
  6.        PROCESS COMPLETED
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12 comments:

  1. RoundPay16 August 2018 at 05:00

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    Replies
    1. Admin16 August 2018 at 09:13

      Thanks... keep reading...
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  2. Unknown29 October 2018 at 19:32

    Aadhaar Enabled Payment System
    Aadhaar Enabled Payment System (AEPS) is a banking payment system that is based on The Unique Identification Authority of India (UIDAI), is an agency of the Government of India. Aadhaar Enabled Payment is a way to make financial transactions from the bank account with the help of your biometric authentication. This system neither requires your signature nor onetime password (OTP). The Aadhaar Enabled Payment System aims to empower all sections of the society by making financial and banking services available anywhere anytime to all through Aadhaar Based. Aadhaar Enabled Payment is not only an Aadhaar Based Payment system through which you transfer your funds, make payments, cash deposit, cash withdrawals, balance enquiry anywhere anytime by authenticating fingerprint. Aadhaar Enabled Payment System (AEPS) allows customers to make payments using their Aadhaar number and by providing Aadhaar verification at the Point of Sale (POS ) or micro ATMs. This is a simple, secure and user-friendly platform for financial transactions. Except for fund transfer, where you need to go to the specific bank BC, for other transactions you can use any bank BC. In order to use AEPS, your bank account must be linked to Aadhaar.
    Services Offered by AePS
    Cash Withdrawal
    Cash Deposit
    Balance Enquiry
    Aadhaar to Aadhaar Fund Transfer
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  3. Softcare Infotech API Provider Company17 December 2018 at 22:53

    your blog is very nice and the information that you share with us is very useful for us.
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  4. soren28 December 2020 at 00:29

    Nice article. Thanks for sharing this informative article.

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  5. mobile-recharge-api28 September 2021 at 03:18

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  7. ROINET Solution14 February 2022 at 04:55

    Hi, Nice Blog!!
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  9. Unknown8 April 2022 at 02:24

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  10. Softcare Infotech API Provider Company9 August 2022 at 23:34

    Very Nice Post. I really like it.

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  11. Soulpay Communication - Digital Banking Services5 September 2022 at 04:15

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