Aadhaar Enabled Payment System (AEPS) 

Aadhaar Enabled Payment System (AEPS)

The current Indian Government has put extra importance on using less cash transaction and more virtual payment for transactions. Now these days under these circumstances the Aadhaar Number has become an imperative tool for linking the banking systems across the country.

Aadhaar Enabled Payment System (AEPS) is a payment service developed by the National Payments Corporation of India (NPCI) that allowing all banks and financial institutions to use Aadhaar number and online UIDAI authentication for transactions through their individual Business correspondent service centres.

Aadhaar Enabled Payment System (AEPS), is a new era of banking service has been approved by the Reserve Bank of India (RBI). It is also used for directing interbank ATM transactions and Interbank Mobile Payment Service (IMPS). The Aadhaar Enabled Payment System (AEPS) allows transactions using Aadhaar and biometric authentication and enables a individual to carry out financial transaction on a micro-ATM provided by a banking correspondent.

Allowing banking services

Aadhaar Enabled Payment System (AEPS) is a payment service allowing a bank customer to use Aadhaar as his identity to admittance his individual Aadhaar enabled bank account and perform basic banking transactions with this system like bank account balance enquiry, cash deposit, cash withdrawal and remittances. 

The AEPS model enables banks to encompass their financial services to the clients beyond their branch network as beneficiaries of the business correspondents are mostly located in where bank branch is not existing.

The five AADHAAR enabled basic types of banking transactions are given below:

Cash Withdrawal

Withdrawal cash without ATM card.

Cash Deposit

Deposit cash in any bank account.

Balance Enquiry

User can check his/her account balance.

Below is some of the other benefits of AEPS:

  • Based on the demographic and biometric information of an individual, it completely eliminates the any suspicious activities.

  • Facilitates payments of Government prerogatives like NREGA, Handicapped and Old Age Pension, Social Security pension etc. of any Central or State Government bodies, using Aadhaar authentication.

  • Aadhaar Enables Payment System facilitates inter-operability across banks in a safe and secured manner

Keeping the all above-mentioned elements in mind, Indicsoft Technologies has been developed its own Aadhaar enabled payment application solution. Aadhaar enabled banking transaction application which basically uses AEPS/E-KYC services. This app is made for the merchants/shopkeepers and also for Business Correspondents of the Bank. It is easy for merchants, as they only need to arrange for a smartphone and fingerprint scanner. Our application uses customer fingerprints for the authentication. On the basis of this biometric authentication, the money can easily transferred or withdrawal from customer Aadhaar linked bank account to Merchant’s Account.

Benefits Of Our Aadhaar Enabled Payment Application Are:

  • No need to carry/remember Card Numbers /PIN/MPIN and passwords

  • Instant Validations using e-KYC

  • Instant Funds Transfer using AEPS.

  • Merchant on boarding

  • Transaction reports

  • Merchant management

  • Sale/withdrawal

  • Funds transfer

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Our (AEPS) application

Our application provides modernized online services like Domestic money remittance, Mobile recharge, DTH, Utility bill payments through handy digital devices - Personal computer and Android phones.

We also provide services through API and SMS Long codes.

Why choose us?


Cost-effective solutions

To meet the futuristic digital and online financial solutions, Indicsoft Technologies believes to facilitate each and every people of the country one of most trusted, reliable and quickest online payment solution gateways.

Detailed designing

Our customers are our priority. Thus, we make sure to deliver them with the detailed designed web solutions that can be flexibly managed. We offer maximum customer satisfaction

Technical support

Our professional and experienced technical experts offer a 24*7 and strong technical support system to our clients, irrespective of the technical need they have

safe & Secure

Through our safe, secure, reliable and quickest payment gateway we believe to connect Semi-urban & Rural India to the mainstream of economic development.

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