Aadhaar Enabled Payment System
Aadhaar Enabled Payment System or AEPS is a new payment service offered by the National Payments Corporation of India to banks and financial institutions using ‘Aadhaar’. Aadhaar is a unique identification number issued by Unique Identification Authority of India (UIDAI). This service can be availed at Customer Access Points (CSPs) managed by Business Correspondents (BCs) using Point of Sale (POS) devices. Oxigen, being one such financial institution, provides AEPS services across India through its appointed BCs who use Oxigen Micro ATM PoS machines.
Services offered by AePS
The following are the list of services provided by AePS:
Cash Depository Best Finger Detection
Aadhar to Aadhaar Fund Transfer
Objectives of AePS The following are the main objectives of AePS To enable banks in India to route the aadhar initiated inter-bank transactions via a central switching and clearing agency. To build a strong foundation for a full range of Aadhar enabled banking services. To facilitate inter-operability across the banks through a safe and secure manner. To build a strong foundation for a full range of Aadhar enabled banking services. To subserve the RBI’s goal in electronification of retail payments. To facilitate the government of India’s entitlements like Social Security Pension, Handicapped Old Age Pension Schemes, NREGA and so on of both the Central and State government entities via aadhar and authentication thereof as supported by the UIDAI. To Sub – Serve the goal of the government of India and the country’s Central Bank (RBI) in encouraging financial inclusion.
PayRupees provide all types of AEPS related services
For AEPS id Contact us –
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