Aadhaar Enable Payment System permits Basic Financial Transaction throughout Aadhaar Verification to

JAIPUR, India - May 15, 2018 - PRLog -- The aadhaar enable payment system is payment option enables banking transaction through aadhaar number or fingerprint verification to customers, and for AEPS service customer must link aadhaar number to the bank account. If a customer has aadhaar number link with a bank after they can perform financial transition to their bank account.

AEPS, which allows customers to carry out transactions through a micro-ATM without any debit card, is mostly meant for those who are not comfortable with smartphones or debit cards. AEPS transactions done throughout a biometric-enabled point of sales (PoS) terminal could be for cash withdrawal or for straight merchant payment.

AEPS is an ideal replacement for usage of the debit card. Now with Aadhaar seeding with bank accounts going up and government benefits coming directly, rural customers are adopting these Bankers say that with direct benefit transfer getting credited into bank accounts of customers and faster propagation of Aadhaar seeding, there is wider adoption of AEPS-enabled payments in the country, especially in semi-urban and rural areas.

Micro ATMs are a small terminal that capable of doing balance inquiry, cash deposit and cash withdrawal among a few other payment features. Instead of developed ATMs, banks find these terminals a cheaper alternative as they can be installed at a business correspondent point or a popular merchant location in a village without a bank branch or an ATM.

Objectives of Aadhaar Enabled Payment System

• To promote the use of the Aadhaar Card as a form of identification to perform basic banking activities such as balance inquiry cash deposits, cash withdrawal, and other remittances that is either interbank or interbank in nature.
• To increase the financial inclusion of individuals in the country.
• To promote the digitization of retail transactions.
• To route, Aadhaar initiated interbank transactions through a clearing or switching agency.
• To ensure safe and secure interoperability among banks across India.
• To expand the scope of Aadhaar Enabled Payments.

AEPS Process Steps

The key steps in doing transactions via AEPS are:

•    Resident provides his/her Aadhaar number details of financial transaction sought and fingerprint impression at the micro ATM device.

•    Digitally signed and encrypted data packets are transferred via Bank Switch to NPCI to UIDAI.

•    UIDAI processes the authentication request and communicates the outcome in form of Yes/No.

•    If the authentication response is yes, bank carries out the required authorization process and advises micro ATM on suitable next steps.

The Inputs Required by the Customer

Aadhaar Number

The Aadhaar Number is a 12-digit Unique Identification Number (UID) being issued by the Unique Identification Authority of India (UIDAI) to all citizens of India free of charge. The UID is stored in a secure central database and basic demographic information and biometric information, such as, a photograph, ten fingerprints and an iris scan of the individual are linked to this number.


A fingerprint scan of the individual is required to complete a transaction as it will be authenticated against the fingerprint scan taken during the time of enrolment.

The Issuer Identification Number (IIN)

The Issuer Identification Number is a six digit code that is unique for every card user. This number is used to identify the issuing financial institution for the credit, debit, or any other card. This number is only used to identify the financial institution and does not identify any product or service related to the card user.

Benefits of AEPS

• The Aadhaar Enabled Payments System (AEPS) is a simple to use, a safe and secure platform to avail benefits of using the Aadhaar number for conducting transactions.
• The AEPS system uses biometric authentication of the individual, eliminating the possibility of fraud or non-genuine activity.
• The AEPS system facilitates inter-operability between banks in a safe and secure manner.
• The AEPS system has allowed banks to financially include more individuals and has permitted banks to reach customers they would not have been able to otherwise.
• The AEPS allows customers to carry out basic banking activities without having to furnish sensitive bank account details.
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