Aadhaar Enabled Payment System for cash withdrawal and balance inquiry.
Aadhaar Enabled Payment System (AEPS) is a bank-led model that allows online interoperable financial transactions at Point-of-Sale (PoS) through the Business Correspondent of any bank using the Aadhaar authentication.
Cash Withdrawal · Balance Enquiry · Mini Statement · Aadhaar to Aadhaar Fund Transfer · Best eKYC · Tokenisation — all with only Aadhaar number and biometric fingerprint.
1. Customer provides Aadhaar number. 2. Fingerprint authentication is done using the Micro ATM device. 3. The request is sent to NPCI via UIDAI. 4. The transaction is processed and cash is dispensed.
No debit card required · Works 24×7 including holidays · Available in remote and rural areas · RBI regulated & NPCI powered.
Customer provides Aadhaar number at merchant point.
Fingerprint is scanned on the Micro ATM device.
NPCI routes the request to the customers bank.
Cash dispensed / balance shown instantly.
