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.
ā AEPS Services You Can Offer
Service
Description
šø Cash Withdrawal
Customer withdraws money using Aadhaar number & fingerprint
š§¾ Mini Statement
View last 5 bank transactions
š¼ Balance Enquiry
Check bank account balance
š° Cash Deposit (optional)
For select banks or AEPS+
š Fund Transfer (APB)
Aadhaar-based transfer to other accounts
š eKYC Verification
Aadhar-based KYC (if enabled by API provider)
š§ AEPS Workflow (Simplified)
Customer provides:
Aadhaar number
Bank name (linked to Aadhaar)
Fingerprint via biometric device (e.g., Mantra MFS100, Morpho)
Your App/Portal ā 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Cash is withdrawn from the user’s account and settled to your wallet (or later transferred to customer)
šÆ AEPS for Businesses
Business Model
Use
šŖ Retail Agent Shop
Local agent provides AEPS cash-out services and earns per transaction
š² Fintech App
Offer AEPS along with recharge, BBPS, DMT, PAN, insurance, etc.
š§āš¤āš§ Multi-level Reseller System
Setup commission slabs for admins, distributors, and retailers
