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AEPS - Aadhaar Enabled Payment System

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 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.

Roundpay is one of the best company which provides you API for AEPS. By integrating the Aadhaar Enabled Payment System you API in your portal you can able to transfer funds using your aadhaar detail.

The main information sources required for a client to complete an exchange under this situation are:-

  • IIN (Identifying the Bank to which the client is related)
  • Aadhaar Number
  • Unique mark caught amid their enlistment

AEPS - Aadhaar Enabled Payment System

  • 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.
  • 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 supported by UIDAI.
  • To facilitate inter-operability across banks in a safe and secured manner.
  • To build the foundation for a full range of Aadhaar enabled Banking services.

Roundpay provides a variety of services such as recharge services, travel portals, recharge and travel API services, white labels, long code and bulk SMS services. Our team of qualified experts believe in quality services, which we deliver through unmatchable standards in our services.

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About Roundpay

Roundpay is an IT and Recharge services provider company and deals with IT market Requirements and custom software. We are the leading service provider in Lucknow, Uttar Pradesh, India and providing Multi Recharge API to our valuable customers.

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