AePS is a bank led model which allows online interoperable financial inclusion transaction at PoS (MicroATM) through the Business correspondent of any bank using the Aadhaar authentication.
Moneyways AePS services enables our customers for hassel free, secure and biometric authenticated cash withdraw , balance enquiry and mini statement from their Aadhaar linked bank accounts. Aadhaar Enabled Payment System (AePS), uses Aadhaar Data and Biometric authentication instead of signature or debit card information of the customers and allows them to quickly Withdraw, Deposit and Transfer cash & also access bank statements without visiting their bank branch. So, instead of searching for an ATM or a bank branch, customers can visit their nearest Moneyways retailer and do all of these transactions using their Aadhaar Data and Biometric Authentication.