AEPS (Aadhaar Enabled Payment System) is a secure banking service launched by NPCI that allows users to perform basic banking transactions using their Aadhaar number + fingerprint authentication at micro-ATM devices or mobile apps. AEPS is widely used in rural and semi-urban areas through banking correspondents or agents.
✅ AEPS Services You Can Offer
Service
Description
💸 Cash Withdrawal
Customer withdraws money using Aadhaar number & fingerprint
🧾 Mini Statement
View last 5 bank transactions
💼 Balance Enquiry
Check bank account balance
💰 Cash Deposit (optional)
For select banks or AEPS+
🔄 Fund Transfer (APB)
Aadhaar-based transfer to other accounts
📇 eKYC Verification
Aadhar-based KYC (if enabled by API provider)
🧠 AEPS Workflow (Simplified)
Customer provides:
Aadhaar number
Bank name (linked to Aadhaar)
Fingerprint via biometric device (e.g., Mantra MFS100, Morpho)
Your App/Portal → AEPS API Provider
Sends data securely to NPCI via the API provider
NPCI Verifies
Validates Aadhaar + fingerprint + bank mapping
Transaction Completed
Cash is withdrawn from the user’s account and settled to your wallet (or later transferred to customer)
🎯 AEPS for Businesses
Business Model
Use
🏪 Retail Agent Shop
Local agent provides AEPS cash-out services and earns per transaction
📲 Fintech App
Offer AEPS along with recharge, BBPS, DMT, PAN, insurance, etc.
🧑🤝🧑 Multi-level Reseller System
Setup commission slabs for admins, distributors, and retailers
