AEPS is a new payment service offered by the National Payments Corporation of India to banks, financial institutions using ‘Aadhaar’. AEPS stands for ‘Aadhaar Enabled Payment System’.
Aadhaar Enabled Payment System (AEPS) is a bank led model, which allows online financial inclusion transaction at Micro-ATM through the Business correspondent of any bank using the Aadhaar authentication. This system is designed to handle both ONUS and OFFUS requests seamlessly in an effective way by enabling authentication gateway for all Aadhaar linked account holders.
Aadhaar is a unique identification number issued by the Unique Identification Authority of India (UIDAI) to any resident of India. Any resident of India holding an Aadhaar number and having a bank account may be a part of the Aadhaar Enabled Payment System. Customer needs to have a bank account for availing AEPS. Customer should have an Aadhaar (Unique ID as issued by UIDAI) number linked with any bank account (bank should be a part of AEPS network) where customer has an account. The registration process shall be as per the procedures laid down by the bank providing AEPS service.
We have developed Android based AEPS ‘Aadhaar Enabled Payment System’ for mobile based transaction, also we have integrated Fingerprint capture device and Bluetooth thermal printer in this application.