AEPS & Micro ATM

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AEPS & Micro ATM

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. 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. AEPS (Aadhaar Enabled Payment System) empowers bank customers to access their bank accounts with the help of their Aadhaar number.

 

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.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.

Fhantom Micro ATM has functional integration with AEPS and eKYC, in addition to allowing RuPay card-based On-us and Off-us transactions on Micro ATMs (POS Terminals).