AEPS is a bank led model which allows online interoperable financial transaction at PoS (Point of Sale / Micro ATM) through the Business Correspondent (BC)/Bank Mitra of any bank using the Aadhaar authentication.
PayIndiaa in collaboration with Banks will enable you to provide complete Banking Services using Aadhaar Enabled Payment System (AEPS) platform This service from PayIndiaa will play a major role in financial inclusion initiative of Government of India and will bring Banking Services at the doorstep of consumers.
JUST PAY INDIA is one of the best company which provides you API for AEPS. By integrating the Aeps 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:-
1). IIN (Identifying the Bank to which the client is related)
2). Aadhaar Number
3). Unique mark caught amid their enlistment
1). Go to micro ATM or any bank correspondent (BC) or any shop or centre which have this facility.
2). You have to provide your aadhaar Identity number and bank name
3). After detailed unique identity number, choose which action you want to perform.
4). Provide verification code as finger print impression through biometric scan machine which is connected to AEPS App or AEPS software.
5). If your finger print approved, your action will be performed
5). Collect your receipt for your performed action .
So basically these are few simple steps which are done for any basic financial action. This is simple, user friendly and secure action which makes this system more reliable. But do you know how really this system works, surely this question is hitting in your mind. Don’t be worry, I am here to solve your query, Keep reading.
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