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AEPS

Aadhaar Enabled Payment System

Introduction

The Aadhaar Enabled Payment System (AEPS) is a revolutionary payment service launched by the National Payments Corporation of India (NPCI). It enables banking transactions using the Aadhaar number and biometric authentication. AEPS facilitates basic banking transactions like balance inquiries, cash withdrawals, and deposits without the need for a physical bank branch or ATM.

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Importance and Impact in India

Objectives

We provide top-notch API development & API integration services to startups, enterprises, government organizations, and small businesses that are seeking custom API solutions. We house experienced API developers who are experts in developing robust and reliable APIs for mobile and web applications.

Empower Bank Customers

Use Aadhaar as an identity to access respective Aadhaar-enabled bank accounts for basic banking transactions like cash deposit, cash withdrawal, intrabank or interbank fund transfer, balance inquiry, and obtaining a mini statement through a Business Correspondent.

Financial Inclusion

Support the Government of India (GoI) and Reserve Bank of India (RBI) in furthering financial inclusion.

Electronification of Retail Payments

Assist RBI in the electronification of retail payments.

Routing Interbank Transactions

Enable banks to route Aadhaar-initiated interbank transactions through a central switching and clearing agency.

Disbursements of Government Entitlements

Facilitate the disbursement of Government entitlements like NREGA, Social Security pensions, and more, using Aadhaar authentication.

Interoperability Across Banks

Ensure safe and secure inter-operability across banks.

Foundation for Aadhaar-enabled Banking Services

Build a foundation for a full range of Aadhaar-enabled banking services.

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How AEPS Works

Basic Functionality

AEPS operates by linking an individual's Aadhaar number to their bank account. Transactions are authenticated using biometric data (fingerprint or iris scan). This system ensures secure and reliable access to financial services.

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Banking Services Offered by AEPS

  • Cash Deposit
  • Cash Withdrawal
  • Balance Enquiry
  • Mini Statement
  • Aadhaar to Aadhaar Fund Transfer
  • Authentication
  • BHIM Aadhaar Pay

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Key Stakeholders

NPCI: Oversees the AEPS network.

Banks: Provide the banking backend for transactions

BCs: Act as intermediaries to facilitate transactions.

Customers: Perform transactions using their Aadhaar-linked bank accounts.

Role of NPCI in AEPS

Introduction to NPCI: The National Payments Corporation of India (NPCI) operates retail payments and settlement systems in India. Established in 2008, NPCI has revolutionized India's digital payment landscape. It manages AEPS, leveraging the Aadhaar infrastructure to facilitate seamless banking transactions.


Key Roles and Responsibilities:

  1. Development and Maintenance of AEPS Infrastructure: NPCI develops and maintains the infrastructure for AEPS, including hardware, software, and network systems.
  2. Standardization and Protocols: NPCI sets standards and protocols for AEPS transactions, ensuring uniformity and interoperability across banks.
  3. Transaction Processing: NPCI processes AEPS transactions, acting as a bridge between banks, customers, and business correspondents.
  4. Security and Compliance: NPCI ensures secure transactions with biometric authentication, transaction data encryption, and regulatory compliance.
  5. Coordination with Stakeholders: NPCI coordinates with banks, business correspondents, government agencies, and technology providers for smooth AEPS operations.
  6. Promoting Financial Inclusion: NPCI extends banking services to unbanked and underbanked populations, promoting financial inclusion.
  7. Continuous Innovation and Upgradation: NPCI continuously upgrades AEPS infrastructure, introducing new features, enhancing security, and improving user experience.
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API Integration for AEPS

Overview of AEPS APIs

AEPS APIs enable developers to integrate Aadhaar-based transaction capabilities into their applications. These APIs handle operations such as balance inquiries, cash withdrawals, deposits, and fund transfers.

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Benefits of Using AEPS APIs:

Ease of Integration: Simplify adding AEPS functionality to digital platforms.

Security: Robust authentication mechanisms ensure secure transactions.

Scalability: Handle large volumes of transactions efficiently.

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Technical Details of AEPS API:

API Endpoints: Balance Inquiry, Cash Withdrawal, Cash Deposit, Mini Statement.

Authentication and Security: AEPS APIs use OAuth 2.0 for secure access. Biometric data is encrypted for authentication.

Data Formats and Communication Protocols: APIs typically use JSON or XML for data exchange and HTTPS for secure communication.

Prologic AEPS Statistics

With NPCI-enabled partner PaySprint, Prologic has done complete AEPS API integration with the following endpoints:

  1. Merchant Onboard
  2. Merchant Onboard Status Check
  3. AEPS Two-Factor Authentication
  4. Txn Merchant Authenticity
  5. Bank List
  6. Balance Enquiry
  7. Mini Statement
  8. Withdraw with Authenticity
  9. Withdrawal Transaction Status

Get Started

Ready to transform your AEPS systems? Contact us today to learn more about our AEPS Solutions and how it can benefit your business.

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