{"id":321,"date":"2025-07-17T21:22:56","date_gmt":"2025-07-17T21:22:56","guid":{"rendered":"https:\/\/paykarindia.com\/?page_id=321"},"modified":"2025-07-23T10:48:06","modified_gmt":"2025-07-23T10:48:06","slug":"aadhaar-enabled-payment-system","status":"publish","type":"page","link":"https:\/\/paykarindia.com\/index.php\/services\/aadhaar-enabled-payment-system\/","title":{"rendered":"Aadhaar Enabled Payment System"},"content":{"rendered":"
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\n\t\t\t\t\t\tWhat is<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t\tPayKar\u2019s AEPS service?<\/span>\n\t\t\t\t\t<\/span><\/h3> <\/div><\/div>
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PayKar, a B2B fintech platform headquartered in Patna, Bihar, offers Aadhar Banking (AEPS)<\/strong> services to its network of local retailers and agents<\/span>. Through this, merchants can facilitate basic banking functions\u2014cash withdrawal, deposit, balance enquiry, Aadhaar\u2011to\u2011Aadhaar fund transfer\u2014and mini statement services using just the customer\u2019s Aadhaar number and biometric authentication\u202f<\/span><\/p>\n

These services run on micro\u2011ATM\/PoS devices deployed at neighborhood kiosks or kirana stores, enabling access even in rural or underbanked areas\u202f<\/span><\/p>\n<\/div><\/div><\/div><\/div>

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\n\t\t\t\t\t\tAEPS:<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t\tHow it works<\/span>\n\t\t\t\t\t<\/span><\/h3> <\/div><\/div>
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    AEPS is a system developed by NPCI<\/strong> and regulated by UIDAI\/RBI<\/strong> that enables interoperable banking across banks using Aadhaar biometric authentication<\/span>.<\/p>\n<\/li>\n

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    Users provide their Aadhaar number and authenticate using fingerprint or iris scan at a micro\u2011ATM or PoS device managed by a Business Correspondent (BC)<\/span>.<\/p>\n<\/li>\n

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    Supported transactions include cash withdrawal (max \u20b910,000 per transaction), deposit, balance enquiry, mini statement, and Aadhaar\u2011to\u2011Aadhaar transfers, subject to daily limits (usually \u20b950,000)<\/span>.<\/p>\n<\/li>\n

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    Transactions are processed in real time via NPCI’s central switch, ensuring interoperability across banks<\/p>\n<\/li>\n<\/ul>\n<\/div><\/div>

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    \n\t\t\t\t\t\tWhy agents\/retailers like<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t\tPayKar offer AEPS<\/span>\n\t\t\t\t\t<\/span><\/h3> <\/div><\/div>
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    • Financial inclusion<\/strong>: AEPS brings banking to remote, underserved communities via local stores with minimal infrastructure\u202f<\/span>.<\/li>\n
    • Revenue opportunities<\/strong>: Agents earn a commission for each transaction\u2014withdrawal, balance check, fund transfer\u2014even small fees add up\u202f<\/span>.<\/li>\n
    • Customer loyalty<\/strong>: Offering banking services can increase footfall and trust in PayKar\u2011enabled shops<\/span><\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div>
      \"\"<\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"What is PayKar\u2019s AEPS service? PayKar, a B2B fintech platform headquartered in Patna, Bihar, offers Aadhar Banking (AEPS) services to its network of local retailers and agents. Through this, merchants can facilitate basic banking functions\u2014cash withdrawal, deposit, balance enquiry, Aadhaar\u2011to\u2011Aadhaar fund transfer\u2014and mini statement services using just the customer\u2019s Aadhaar number and biometric authentication\u202f These...","protected":false},"author":1,"featured_media":0,"parent":297,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-321","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/paykarindia.com\/index.php\/wp-json\/wp\/v2\/pages\/321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/paykarindia.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/paykarindia.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/paykarindia.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/paykarindia.com\/index.php\/wp-json\/wp\/v2\/comments?post=321"}],"version-history":[{"count":23,"href":"https:\/\/paykarindia.com\/index.php\/wp-json\/wp\/v2\/pages\/321\/revisions"}],"predecessor-version":[{"id":552,"href":"https:\/\/paykarindia.com\/index.php\/wp-json\/wp\/v2\/pages\/321\/revisions\/552"}],"up":[{"embeddable":true,"href":"https:\/\/paykarindia.com\/index.php\/wp-json\/wp\/v2\/pages\/297"}],"wp:attachment":[{"href":"https:\/\/paykarindia.com\/index.php\/wp-json\/wp\/v2\/media?parent=321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}