AEPS also known as Aadhaar enabled payment system is a payment solution provided by NPCI that allows a customer to pay to the merchants using aadhaar number and biometric authentication. The bank account linked with that aadhaar number is debited and the merchant’s account is credited..
ICICI bank’s AEPS is beneficial for both merchants as well as customers. It is interoperable and transfers money instantly. This mode of payment eliminates the risk and cost of handling cash. A customer with a lack of online payment knowledge can easily pay through their fingerprints.
Since the payment is done through biometric authentication hence it is completely safe and secured. The Hassle of carrying cash, remembering passwords and PINs, etc. are reduced. A customer can use AEPS ICICI bank for depositing and withdrawing cash, transferring funds, paying on different stores that accept AEPS mode of payment, and much more.
API Seva, a leading API service provider company in India providing ICICI bank AEPS API at competitive rates. Our ICICI bank AEPS services include all the major banking solutions like money transfer, money deposit, check balance, check transaction history, etc.