Aadhaar Enabled Payment System (AEPS) is a sort of installment framework that depends on the Unique Identification Number and permits Aadhaar card holders to consistently make money related exchanges through Aadhaar-based confirmation. The AEPS framework plans to enable all areas of the general public by making budgetary and saving money administrations accessible to all through Aadhaar. AEPS is only an Aadhaar-empowered installment framework through which you can exchange reserves, influence installments, to store money, influence withdrawals, to make enquiry about bank adjust, and so forth. AEPS Software enables clients to make installments utilizing their Aadhaar number and by giving Aadhaar confirmation at purpose of Sale (PoS) or smaller scale ATMs.
This is a straightforward, secure and easy to understand stage for money related exchanges. This is another activity taken by the National Payments Corporation of India (NPCI) to empower cashless exchanges in India.
To empower a bank customer to use Aadhaar as his/her identity to access his/ her respective Aadhaar enabled bank account and perform basic banking transactions like cash deposit, cash withdrawal, Intrabank or interbank fund transfer, balance enquiry and obtain a mini statement through a Business Correspondent
To sub-serve the goal of Government of India (GoI) and Reserve Bank of India (RBI) in furthering Financial Inclusion
To sub-serve the goal of RBI in electronification of retail payments
To enable banks to route the Aadhaar initiated interbank transactions through a central switching and clearing agency
o facilitate disbursements of Government entitlements like NREGA, Social Security pension, Handicapped Old Age Pension etc. of any Central or State Government bodies, using Aadhaar and authentication thereof as supported by UIDAI
We at Metoza Infitech Providing AEPS- Aadhaar Enabled Payment System API which will a best solution for Cash Deposit and Cash Out for Rural India.
With a simple API integration you can convert your existing Retail outlet in Mini ATM To facilitate disbursements of Government entitlements like NREGA, Social Security pension, Handicapped Old Age Pension etc. of any Central or State Government bodies, using Aadhaar and authentication thereof as :
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