Top 10 AEPS Service Provider Companies in India 2025

In India, AEPS service providers help people carry out banking transactions using their Aadhaar card and biometric data. These providers are usually banks or fintech companies authorized by the National Payments Corporation of India (NPCI) to offer AEPS services. They provide services like cash withdrawals, balance checks, and fund transfers at POS terminals, which are often located in shops or ATMs.

This blog highlights the Top 10 AEPS service provider companies in India for 2025, exploring their services, unique features, and what makes them leaders in this field.

What is AEPS?

The Aadhaar Enabled Payment System (AePS) is a safe and easy payment method created to support financial services for everyone, especially in rural and remote areas. With AePS, Aadhaar cardholders can do money-related and other services using their Aadhaar number and fingerprint for verification.

If you’re searching for a reliable and fast AEPS solution, NobleWebStudio is one of the best AEPS software provider in India, offering robust, scalable, and API-driven AEPS services that empower fintech companies, retailers, and merchants to provide seamless banking services in rural and urban areas. Whether you want to start your AEPS business or upgrade your existing system, NobleWebStudio ensures fast settlements, user-friendly dashboards, and 24/7 dedicated support for smooth operations.

Here’s a detailed explanation of the Aadhaar Enabled Payment System (AEPS):

Aadhaar Integration:

AEPS is based on the integration of the Aadhaar card, which is a 12-digit unique identification number assigned to every Indian resident. This system allows individuals to link their Aadhaar numbers with their bank accounts, providing a secure and standardized method for conducting financial transactions.

Banking Transactions:

AEPS facilitates various banking transactions through Aadhaar-linked bank accounts. These transactions include cash withdrawals, balance inquiries, and mini statement checks. This feature empowers users to manage their finances effectively, eliminating the need for physical visits to bank branches.

Financial Inclusion:

A significant advantage of AEPS is its role in financial inclusion. It enables individuals in remote and rural areas to access essential banking services. By using AEPS, they can participate in the economy and become part of the formal financial system.

NPCI Initiative:

The National Payments Corporation of India (NPCI) leads the AEPS initiative. NPCI is a key organization in India’s financial ecosystem. It plays a vital role in developing and managing retail payment systems, such as the Unified Payments Interface (UPI) and AEPS. NPCI enhances the efficiency and inclusivity of digital transactions.

Seamless and Secure Transactions:

AEPS transactions are designed to be both seamless and highly secure. The system uses biometric authentication, where users verify their identity through fingerprint or iris scans. This additional security layer ensures the safety of financial transactions and prevents unauthorized access.

AEPS is a major step forward in making banking services more accessible, efficient, and secure for a wider segment of India’s population. It aligns with the government’s vision of financial inclusion and promotes a digital economy.

Why was AEPS Service Started?

The Aadhaar Enabled Payment System (AePS) is a system that allows people to carry out online financial transactions at Micro ATMs or other Point of Sale (PoS) locations using Aadhaar authentication. It was introduced by India Post Payments Bank (IPPB) on September 1, 2018. AePS is available to customers who have a bank account linked to their Aadhaar number.

Here’s a detailed breakdown of why AePS was introduced and how it supports financial inclusion:

Enhancing Security:
Biometric authentication through fingerprint or iris scans makes transactions on AePS safer than traditional methods. This extra layer of security ensures that only the rightful account holder can authorize transactions, preventing fraud. NobleWebStudio’s AEPS solutions prioritize security, offering a robust, trusted platform for financial operations.

Promoting Financial Inclusion:
AePS empowers people, especially in rural and remote areas, to access banking services without needing to visit a physical bank or carry a debit card or passbook. It helps integrate the unbanked and underbanked into the formal banking system, which is key to promoting financial literacy and inclusion. With NobleWebStudio’s AEPS solutions, users can access banking services easily, helping bridge the digital divide.

Digitizing Payments:
AePS facilitates secure, cashless transactions, aligning with the government’s goal of a digital economy. By using Aadhaar, a unique and universally recognized identification system, transactions are made safe and straightforward. NobleWebStudio’s AEPS systems enable businesses to tap into this growing digital payment infrastructure.

Streamlining Government Payments:
AePS allows the direct transfer of government benefits, such as NREGA wages and social security pensions, into Aadhaar-linked bank accounts. This streamlines the distribution of government entitlements, eliminating the need for manual disbursements and making the process more efficient. NobleWebStudio integrates these systems to ensure faster, secure, and transparent transfers.

Enabling Interoperability:
AePS allows users to perform transactions across multiple banks using Aadhaar and biometric authentication. This makes banking services more accessible and convenient, regardless of the user’s bank. With NobleWebStudio’s cutting-edge solutions, businesses can leverage this feature to offer seamless cross-bank transactions to their customers.

Read Blog : A Complete Guide to AEPS: Features, Benefits, and Uses

Key Features and Functions of AEPS Service Providers

AEPS service provider help people access basic banking services using their Aadhaar number and fingerprint. The main services include cash withdrawals, balance checks, money transfers, and deposits. These services are available through micro ATMs and other authorized centers.

Features of AEPS Service Providers:

Biometric Authentication: AEPS uses fingerprint or iris scans to keep transactions safe and secure.

• Interoperability: It lets users access their accounts from different banks easily.
• Financial Inclusion: AEPS helps people who don’t have easy access to banks get essential banking services.
• Ease of Use: The system is straightforward and doesn’t need much technical know-how to use.
• Real-time Transactions: Transactions happen instantly, giving users immediate access to their money.

Functions of AEPS Service Providers:

BHIM Aadhaar Pay: Makes it easy for merchants to complete transactions using Aadhaar verification.

Cash Withdrawal: Customers can take out cash directly from their Aadhaar-linked bank accounts.

Balance Enquiry: Users can easily check their account balance using AEPS transactions.

Fund Transfers: AEPS lets users send money between accounts, whether within the same bank or to different banks.

Cash Deposit: Certain AEPS service points also allow customers to deposit cash.

eKYC: AEPS can be used for electronic Know Your Customer (eKYC) verification.

Top Benefits of Using an AEPS Service Provider:

AEPS service providers enjoy many benefits by offering Aadhaar-enabled payments. They can provide customers with essential banking services, earn commissions on transactions, and expand their presence in underserved areas. Additionally, AEPS lets businesses offer more services, helping them attract and retain more customers.

Here’s a more detailed look at the benefits:

For Service Providers:

Facilitating Government Entitlements: AEPS helps distribute government benefits like social security pensions and NREGA payments directly to people.

Earning Commissions: AEPS service providers make money by earning commissions on each transaction done through their micro ATMs or devices.

Expanding Services: AEPS lets businesses provide more banking services like cash withdrawals, deposits, and balance checks, helping them attract more customers and increase their earnings.

Financial Inclusion: AEPS helps reach underserved and unbanked people, making financial services accessible to more communities.

Increased Reach: Micro ATMs and other AEPS devices help service providers connect with customers in remote and underserved places.

Simplified Transactions: AEPS makes banking easier by removing the need for debit cards, PINs, or passwords, making it simple for both customers and service providers.

Security: AEPS transactions use biometric authentication, which helps lower the chances of fraud.

Interoperability: AEPS lets users make transactions across different banks, offering greater flexibility and convenience for both customers and service providers.

Cost-Effective: AEPS helps businesses provide banking services without spending much on physical branches or extra staff, making it a budget-friendly option.

Leading AEPS Service Providers in India

AEPS (Aadhaar Enabled Payment System) service providers, like NobleWebStudio, are companies that provide the technology and support needed to make Aadhaar-based payments possible. They help people with bank accounts linked to Aadhaar perform tasks like withdrawing cash, checking their balance, and transferring money, all through agents or Business Correspondents (BCs).

Below is a list of the top AEPS Service Providers in India offering secure and efficient AEPS portals:

• Noble Web Studio
• NSDL Payment Banks
• Fino Bank
• Spice Money
• PayNearBy
• Paytm AEPS
• RapiPay
• Bankit
• Ezulix
• Ezeepay

Top 10 AEPS Service Providers in India 

If you’re searching for the best AEPS service providers in India to start your own AEPS business or integrate secure Aadhaar Enabled Payment System (AEPS) services, here’s a list of the most trusted names in the industry:

1. NobleWebStudio
According to recent industry reviews, NobleWebStudio stands out as the best Aadhaar Enabled Payment System (AEPS) app and service provider in India. It offers an attractive commission of ₹13+2 per AEPS transaction, which is around 20% higher than other portals in the market.

Along with high commissions, NobleWebStudio provides FREE Retailer ID registration and the most advanced, user-friendly dashboard. Retailers and agents can track daily earnings, monitor transaction volumes, access personalized tips to increase profits, and participate in reward programs offering gadgets like laptops, smart TVs, refrigerators, and air conditioners.

What makes NobleWebStudio even more popular is its comprehensive marketing support for distributors, white-label partners, and retailers, ensuring they have access to all resources and guidance needed to successfully grow their AEPS business.

2. State Bank of India (SBI)
SBI is one of India’s largest and most trusted public sector banks, offering AEPS services through its extensive network of Business Correspondents and Micro ATM to promote financial inclusion in rural and urban areas.

3. Punjab National Bank (PNB)
PNB is another leading public sector bank providing reliable AEPS services to enable customers to perform cash withdrawals, balance inquiries, and mini statements using Aadhaar authentication at their doorstep.

4. Canara Bank
Canara Bank, a major government-owned bank in India, offers secure AEPS services through its network of BC agents and micro-ATM systems, ensuring financial services reach unbanked and underbanked populations.

5. Bank of Baroda (BoB)
Bank of Baroda is a prominent name in India’s public banking sector that actively supports AEPS services to enhance last-mile banking access through Micro ATMs and authorized BC outlets.

6. Fino Payments Bank
Fino Bank is a well-known payment bank specializing in digital banking services, including AEPS transaction services, to help customers in rural and semi-urban regions access essential banking facilities easily.

7. Spice Money
Spice Money is one of India’s popular fintech companies offering AEPS services to its agents and retailers. It allows them to provide cash withdrawal, balance inquiry, and other banking services through Aadhaar-based transactions.

8. RapiPay
RapiPay is a fast-growing fintech brand providing AEPS services along with a range of other digital payment solutions. It caters to retailers, agents, and businesses seeking to offer financial services at the last mile.

9. PayNearby
PayNearby is a trusted digital service provider that delivers AEPS services and additional digital payment facilities through a vast network of retailers and agents across India’s towns and villages.

10. NSDL Payments Bank
NSDL Payments Bank is a licensed payment bank offering reliable AEPS services to support cash withdrawals, fund transfers, and balance checks for customers through a secure and regulated system.

Read Blog : Understanding the AEPS Service Portal and How Does it Benefit Financial Services?

AEPS Services Offered

AEPS (Aadhaar Enabled Payment System) provides essential banking services using Aadhaar numbers and biometric verification. Users can withdraw and deposit cash, check balances, and transfer funds between Aadhaar-linked accounts. AEPS also helps with government scheme payments and allows transactions at merchant stores.

Key Services Offered:

• Cash Withdrawal: Withdraw cash from your Aadhaar-linked bank account using your Aadhaar number and biometric verification.
• Cash Deposit: Deposit cash directly into an Aadhaar-linked bank account.
• Balance Enquiry: Check the balance of your Aadhaar-linked bank account.
• Aadhaar-to-Aadhaar Fund Transfer: Send money between accounts linked to Aadhaar numbers.
• Government Scheme Disbursements: Help deliver government benefits directly to recipients.
• BHIM Aadhaar Pay: Pay cashlessly at stores using your Aadhaar number.
• Mini Statement: View a summary of your recent transactions.

Key AEPS Service Providers in India:

Key AEPS service providers include both banks and fintech companies. Notable names are NobleWebStudio Fino Payments Bank, PayNearby, Paytm AEPS and Spice Money. These providers offer services such as cash withdrawals, balance inquiries, and Aadhaar-to-Aadhaar fund transfers.

• Banks: Yes Bank, Fino Payments Bank, Axis Bank, ICICI Bank, and others.
• Companies: NobleWebStudio , Fino Payment AePS, PayNearby, Namopay, Paytm AEPS, Airtel Payments Bank.
• Other Providers: NobleWebStudio Eko India Financial Services, Oxigen Services.
• NPCI: The National Payments Corporation of India (NPCI) regulates and oversees the operation of AEPS in India.

Key Considerations:

• Network and Reach: NobleWebStudio providers have a larger network of agents and locations, making their services easier to access in rural and semi-urban areas.
• API Integration: Being able to connect smoothly with other platforms and systems is important for many businesses.
• Customer Experience: Easy-to-use interfaces and fast transaction processing are key to a great customer experience.
• Security and Compliance: NobleWebStudio Provider must ensure transactions are secure and follow all regulatory rules.

Why Choose Noble Web Studio for AEPS Services?

AEPS (Aadhaar Enabled Payment System) plays a vital role in promoting financial inclusion and making banking easier for everyone. It offers many benefits for users and Noble Web Studio service providers alike, including simple usage, strong security with biometric authentication, broader access to banking services, and cost savings. AEPS also helps support government programs for direct benefit transfers and encourages digital payments.

Noble Web Studio stands out as one of the best AEPS solution providers in India due to its cutting-edge AEPS API portal, robust security features, and high commissions for agents. Noble Web Studio ensures world-class service with an Aadhaar-enabled payment system app that is frequently updated to meet industry standards.Here’s why businesses and individuals prefer Noble Web Studio for AEPS services:

• Secure and Fast Transactions – Uses advanced security protocols for seamless AEPS transactions.
• High Commission Structure – Earn more through attractive commission rates.
• User-Friendly Dashboard – Get real-time transaction reports and analytics.
• 24/7 Support – Dedicated customer support for uninterrupted services.
• Multiple Bank Integration – Works with various banks for enhanced accessibility.

Conclusion

AEPS has transformed digital banking in India, enabling financial inclusion and offering convenient banking services through Aadhaar authentication. Noble Web Studio leads the way as the best AEPS portal provider, delivering top-notch AEPS solutions for retailers, businesses, and fintech companies seeking reliable services.

If you’re looking for the best AEPS service provider in India (2025), Noble Web Studio is your go-to partner for secure, fast, and profitable AEPS solutions.

Get started today! Contact Noble Web Studio for more details on AEPS API solutions and partnership opportunities.

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