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"AEPS Switching Services"
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AEPS Switching Services
AEPS Switching Services
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Govt. of India (GOI) always looks forward to provide ease in
banking facility to semi-urban and rural areas. As an
approach towards this goal, GOI along with RBI, NPCI and
UIDAI proposed a solution of eKYC and AEPS.
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eKYC (Electronic Know Your Customer)
removes all physical identification barriers to open an
account. An individual can open an account with the help
of Aadhaar number only.
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AEPS (Aadhaar Enabled Payment System)
empowers bank customers to access their bank accounts with
the help of their Aadhaar number.
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AEPS allows the customer of the bank to perform various card
less transactions based on his Aadhaar Number and Biometric
data through Micro ATMs installed at Bank Premises, BC
Locations in the network of the bank and NFS.
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Blazepe is the first authorized Service Provider (ASP) of
NPCI has developed Aadhaar Enabled Payment Services under
Sponsorship module. Our AEPS solution is a secured and
user-friendly solution which offers entire range of services
from on-boarding a customer (via eKYC) to enabling customers
to access their accounts using their Aadhaar number.
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Blazepe Micro ATMhas functional integration
with AEPS and eKYC, in addition to allowing RuPay card-based
On-us and Off-us transactions on Micro ATMs (POS Terminals).
Sub-membership model
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Any bank which is not live on AEPS-NFS Network can become Sub-Member
of Member Bank for AEPS. Member Bank is the bank certified and
approved by NPCI as a “Sponsor Bank” for Switching Services. Any
bank can use shared Blazepe® Micro ATM Switch for performing the
transactions through Aadhaar Number and Biometric Data
authentication.
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NPCI acts as Authenticated Service Agency (ASA) / KYC
Service Agency (KSA) of UIDAI
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Sub-Member Bank acts as Authenticated User Agency
(AUA) / KYC User Agency (KUA) of UIDAI
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Blazepe shall act as Technology Service Provider being
certified ASP of NPCI
e-kyc and aeps transactions
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Account opening through eKYC
Card-less Transactions using Aadhaar No. and Biometrics:
- Balance Enquiry
- Mini Statement
- Cash Withdrawal
- Cash Deposit
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Fund Transfer: Aadhaar to Aadhaar (Intra and Inter Bank)
- Funds Transfer: Aadhaar to Account (Intra Bank only)
- Purchase
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Best Finger Detection (BFD) – UIDAI has come up
with the BFD service for better biometric match during
authentication
