Aadhaar Enabled Payment System

Aeps ( Aadhaar Enabled Paynent Syment )

AEPS is a bank led model which allows online interoperable financial transaction at PoS (Point of Sale / Micro ATM) through the Business Correspondent (BC)/Bank Mitra of any bank using the Aadhaar authentication.
Kmpaisa in collaboration with Banks will enable you to provide complete Banking Services using Aadhaar Enabled Payment System (AEPS) platform This service from Kmpaisa will play a major role in financial inclusion initiative of Government of India and will bring Banking Services at the doorstep of consumers.
Kmpaisa is one of the best company which provides you API for AEPS. By integrating the Aeps you API in your portal you can able to transfer funds using your aadhaar detail. The main information sources required for a client to complete an exchange under this situation are:-

  • 1). IIN (Identifying the Bank to which the client is related)
  • 2). Aadhaar Number
  • 3). Unique mark caught amid their enlistment

What is required for Transaction :

Although Aadhaar Enabled Payment System does not require any paper or card, it does require the individual to link the Aadhaar to a bank account. If the individual fails to link his/her Aadhaar, the AEPS facility is not useful for you

The major requirements to carry out an AEPS transactions are:

  • Aadhaar Number
  • Bank name
  • Present self (Aadhaar holder) with Bio-metrics (Finger print)

This means all you need to carry out an AEPS transaction is to remember your Aadhaar number just like your own mobile number.

Services Offered by AePS

The basic transactions that can be done through AEPS registration are:

  • Cash Withdrawal
  • Cash Deposit
  • Balance Enquiry
  • Aadhaar to Aadhaar Fund Transfer
  • Mini Statement
  • Best Finger Detection

How to get started

Simply fill up the form and provide the necessary information like Name, Address, DOB etc along with KYC documents to get and started. BharatPay will take care of getting you approved and registered with the bank.