Edgemoney-AEPS

AEPS ( AADHAAR ENABLED PAYMENT )

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.

What is required for Transaction :

  • Aadhaar Number
  • Bank name
  • Present self (Aadhaar holder) with Bio-metrics (Finger print)

Transaction Cost :

  • NIL to customer
  • Merchant get paid based on transaction slab.

Services Offered :

Balance Enquiry
Cash Withdrawal
Cash Deposit
Funds Transfer limit:

Banks define limit :- No limit for RBI.

Disclaimer :- The funds transfer limits are based on available information and may vary based on banks.

Funds Transfer limit :

  • 120++ banks
  • Interoperable