Aadhaar Enabled Payment System is a payment service empowering a bank customer to use Aadhaar as his/her identity to access his/ her respective Aadhaar enabled bank account and perform basic banking transactions like balance enquiry, cash deposit, cash withdrawal, remittances through a Business Correspondent.
Ecuzen Software is proud to offer the best-in-class AePS (Aadhaar Enabled Payment System) services in India. Our team of experts has 5+ years of experience in the financial industry and is dedicated to delivering innovative and reliable AePS solutions to our clients.
With our best technology and industry expertise, we provide a range of AePS service, including cash withdrawals, balance inquiries, and fund transfers, among others. Our solutions are designed to meet the unique needs of businesses across various sectors, from banking and finance to retail and e-commerce.
Let’s Partner with Ecuzen Software from today and experience the difference in AePS service in India. Book A free Demo to learn more about how we can help your business grow with our innovative AePS solutions.
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. 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.
In any Aadhaar enabled financial transaction, a customer is required to provide personal Aadhaar number/ Virtual ID and biometrics on the Micro ATM managed by a BC to prove identity and get authenticated by the UIDAI. A transaction will be sent to the authorised bank (whether intra or inter-bank) when the Aadhaar authentication is successful.
Our balance inquiry service is integrated with the National Payments Corporation of India (NPCI), ensuring that transactions are processed seamlessly and securely. We also ensure that our solutions are compliant with all regulatory requirements, providing our clients with the peace of mind they need to conduct their financial transactions with confidence.
Our AEPS cash withdrawal service is designed to be user-friendly and easily accessible to all. With our solution, businesses can facilitate cash withdrawals from any authorized AEPS agent using Aadhaar authentication. We also ensure that our solutions are compliant with all regulatory requirements, providing our clients with the peace of mind they need to conduct their financial transactions with confidence.
With our AEPS cash deposit service, businesses can deposit cash through any authorized AEPS agent using Aadhaar authentication. Our solution is designed to be user-friendly and easily accessible to all. At Ecuzen Software Private Limited, we pride ourselves on providing fast, reliable, and secure AEPS solutions that meet the unique needs of businesses across various sectors.
As a leading software development company in India, Ecuzen Software Private Limited provides Aadhaar Enabled Payment System (AEPS) solutions that enable businesses to streamline their financial operations. One of the key services we offer is mini statement services through our AEPS solutions. Our mini statement service is integrated with the National Payments Corporation of India (NPCI), ensuring that transactions are processed seamlessly and securely.
With our AEPS Aadhaar to Aadhaar Fund Transfer service, businesses can transfer funds directly from one Aadhaar-linked account to another using Aadhaar authentication. Our solution is designed to be user-friendly and easily accessible to all, making it easier for businesses to manage their finances. Our team of experts is dedicated to delivering innovative and customized solutions that help businesses streamline their financial operations, reduce costs, and increase revenue.
eKYC is Electronic Know Your Customer. It is an electronic way of doing real time KYC of a customer using Aadhaar authentication. The Customer has to provide his/her Aadhaar number and biometrics/OTP. eKYC enables an organization to get electronic copy of customer identity and address details, as present in UIDAI database, with customer consent.
Benefits of AePS are as follow:
Aadhaar enabled Payment System is easy to use, safe and secure payment platform to avail benefits by using Aadhaar number & biometrics.
Aadhaar enabled Payment System is based on the demographic and biometric/iris information of an individual, it eliminates the threat of any fraud and non-genuine activity.
Aadhaar enabled Payment System facilitate disbursements of Government entitlements like NREGA, Social Security pension, Handicapped Old Age Pension etc. of any Central or State Government bodies using Aadhaar authentication.
Aadhaar enabled Payment System facilitates inter-operability across banks in a safe and secured manner Reaching the unreached - The model enable banks to extend financial services to the unreached clients beyond their branch network as beneficiaries of the BCs are mostly located at unbanked and underbanked areas.
Business Correspondent (BC) is an approved Bank Agent providing basic banking service using a MicroATM (terminal) to any bank customer wishing to avail their bank BC service.
Demographic Authentication is a process wherein the resident’s Aadhaar number and demographic inputs are matched against the data stored in UIDAI CIDR provided by the resident during enrolment/update process.
eKYC as a product has following benefits: Paperless. Cost effective Prevent Identity hacking and forged documents Safe & Secure Instantaneous
We use a user-centric design approach in software development, which means we prioritize the user experience (UX) and user interface (UI) design throughout the development process. We conduct usability tests and user feedback sessions to ensure the software is easy to use, intuitive, and meets the needs of the end-users.
Yes, we can provide references from past clients upon request. We have worked with a variety of clients in different industries and are proud of the relationships we have built over the years.
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