AEPS (Aadhaar Enabled Payment System), for Fintech Companies
- System Type: API Gateway
- Business Usage: for Fintech Companies
AEPS (Aadhaar Enabled Payment System) is a banking service in India that allows people to carry out basic financial transactions using their Aadhaar number and biometric authentication. It was developed by the National Payments Corporation of India (NPCI) to promote financial inclusion, especially in rural and remote areas where traditional banking infrastructure is limited.
🔹 Key Features of AEPS:
No need for debit/credit card or signature
Uses Aadhaar number and fingerprint for authentication
Enables banking through micro-ATMs or BC (Business Correspondent) points
Secure and simple to use
