About AEPS

Aadhaar Enabled Payment Service or AEPS, is an Aadhaar based payment solution which empowers bank users to carry out financial transactions (without any debit card/credit card/ cheque book) using only their Aadhaar card, registered with their bank account, and biometric authentication. AEPS agents and distributors can provide basic banking services to their customers such as cash withdrawal, balance inquiry and obtaining a mini statement. It is an initiative by NPCI (National Payments Corporation of India) to support unbanked and underbanked sections of India.

HOW DOES AEPS WORKS?

Once the AEPS Agent registration is done, your Litepe AEPS Agent login id will be generated. The process of AEPS is very simple.

• The AEPS Agent connects and installs a biometric device to their Computer or Smart phone.
• Agent inputs the Customer Aadhaar number and the bank name.
• Agent selects the transaction type: Cash withdrawal or Balance Inquiry or Mini Statement.
• The customer then inputs their thumb print (same as per Aadhaar) to authenticate the transaction.
• The customer’s account is debited and the merchant’s Litepe wallet account is credited real time along with additional commission amount.
• The AEPS Agent then receives a transaction receipt and the customer receives an SMS confirmation from the bank.