WHAT AEPS IS?

AEPS (AEPS full form: Aadhaar Enabled Payment System) is a secured method of payment offered by NPCI (National Payments Corporation of India). If your bank account is linked with your Aadhaar, it allows you to avail of essential banking services like AEPS Card Money Withdrawal, Balance Enquiry, and Mini Statement. You just need to input your 12digit Aadhaar number and select the bank name linked with your Aadhaar. Compatible biometric devices are used for fingerprint authorization to avail the service.

Benefits for End Customers

Formulated for all sections of society, including rural communities and elderly users, giving them the advantage of reliable and fast banking service.

Access to any bank account holder who can simply verify their identity with their Aadhaar number and biometrics without the need to remember their account number.

Interoperable across different banks. Ability to add multiple bank accounts.

Steps to Use AEPS (AEPS Full Form: Aadhaar Enabled Payment System)

Provide your 12-digit Aadhaar number and bank name. Select the transaction type- balance enquiry, mini statement, or cash withdrawal.

Enter the transaction amount. Authenticate through biometrics.

The entire transaction is completed within seconds. The bank agent will receive a transaction receipt and the customer will get a confirmation SMS from the bank.

FidyPay is an AEPS Micro ATM service provider that activates AEPS through a very simple, easy-to-use, and secure platform for money transactions and cheap AEPS Micro ATM price. To use AEPS/ MicroATM, you must link your bank account to Aadhaar. Just integrate our SDK in your App and carry out the transactions through your Merchant Network.