Aeps/Aadhar Pay Software

As of my last knowledge update in January 2022, AEPS (Aadhaar Enabled Payment System) and Aadhaar Pay are government-initiated systems in India aimed at facilitating digital financial transactions, particularly for individuals who may not have access to traditional banking services. These systems utilize Aadhaar, India's biometric identification system, to enable secure and convenient payments.

AEPS allows Aadhaar-linked bank account holders to carry out financial transactions using their Aadhaar authentication. It enables services like cash withdrawal, cash deposit, fund transfers, balance inquiry, and other banking activities through Micro-ATMs or banking correspondents using fingerprint or iris authentication.

Aadhaar Pay, on the other hand, is specifically designed for merchants and retailers to accept payments from customers using their Aadhaar-linked bank accounts without the need for cards, PINs, or smartphones. Customers can make payments by authenticating their identity through biometric details linked to their Aadhaar.

The software used for AEPS/Aadhaar Pay typically involves :-
  1. Authentication Software :-
    This software is responsible for capturing and verifying the biometric information (fingerprint or iris scans) for authentication purposes. It interfaces with Aadhaar's authentication servers to validate the user's identity.
  2. Payment Integration :-
    For Aadhaar Pay, there is software that integrates with the payment infrastructure, enabling merchants to accept payments securely using Aadhaar-based authentication. This may involve APIs or software modules that connect to banks' payment gateways.
  3. Banking Integration: :-
    Both AEPS and Aadhaar Pay systems require integration with banks and financial institutions to facilitate transactions, verify accounts, and ensure seamless movement of funds.
  4. Security Measures :-
    Robust security measures are essential to safeguard sensitive biometric and financial data. The software should comply with security standards and encryption protocols to prevent fraud and unauthorized access.
Call Me back