AEPS
AEPS service
Aadhaar Enabled Payment System (AEPS) is a payment service that allows a bank customer to use Aadhaar as his/her identity to access his/her Aadhaar enabled bank account and perform basic banking transactions like balance enquiry, cash withdrawal, remittances through a Business Correspondent.
- Cash Deposit, Balance Enquiry, Cash Withdrawal, Mini statement
- Aadhaar to Aadhaar funds transfer
- Centralized Dispute Handling System
- Led by team of experts
- Safe and secure payment method
- Automated QA and testing
- Power management, notification and geofencing
- Encourages financial inclusion and serves the underbanked sections of society
- Maintenance and post-warranty support
- Budget friendly solution
- Interoperable across various banks
- Through AEPS, all bank account holders will be able to access their bank accounts through Aadhaar authentication
