The Aadhaar Enabled Payment System (AEPS) has revolutionized digital banking in India, enabling secure and cashless transactions using Aadhaar authentication. As we step into 2025, several AEPS companies have gained prominence, offering seamless financial services to millions.
If you’re wondering which are the AEPS companies registered in 2025, this in-depth guide covers the top players, their services, and how they contribute to India’s digital economy.
What is AEPS?
Before diving into the list of AEPS companies registered in 2025, let’s briefly understand what AEPS is.
AEPS (Aadhaar Enabled Payment System) is a bank-led model that allows users to perform basic banking transactions—such as deposits, withdrawals, balance checks, and fund transfers—using only their Aadhaar number and biometric authentication. Introduced by the National Payments Corporation of India (NPCI), AEPS eliminates the need for physical cards, PINs, or mobile apps, making banking accessible even in rural areas.
Top AEPS Companies Registered in 2025
As of 2025, numerous companies have been authorized by NPCI and RBI to provide AEPS services. Below is a list of the most trusted and widely used AEPS companies registered in 2025:
1. PayNearby
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Services: Cash withdrawal, mini statements, Aadhaar-to-Aadhaar fund transfers.
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Coverage: Over 20,000+ PIN codes across India.
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Why It Stands Out: Strong rural penetration and partnerships with local retailers.
2. Fino Payments Bank
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Services: AEPS, micro-ATM services, DBT (Direct Benefit Transfer) disbursements.
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Coverage: 700+ districts in India.
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Why It Stands Out: One of the first RBI-approved payment banks with a vast AEPS network.
3. Eko India Financial Services
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Services: AEPS transactions, mobile recharges, bill payments.
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Coverage: 300,000+ banking points.
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Why It Stands Out: User-friendly app and extensive agent network.
4. Airtel Payments Bank
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Services: AEPS cash withdrawals, deposits, and balance inquiries.
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Coverage: Nationwide, with strong urban and rural reach.
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Why It Stands Out: Seamless integration with Airtel’s telecom services.
5. BankMitra (CSC AEPS)
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Services: AEPS, pension disbursements, insurance services.
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Coverage: 5+ lakh Common Service Centers (CSCs) across India.
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Why It Stands Out: Government-backed initiative for financial inclusion.
6. Spice Money
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Services: AEPS, money transfers, travel bookings.
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Coverage: 10,000+ PIN codes.
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Why It Stands Out: High commission earnings for agents.
7. Jai Kisan (RuralFocus AEPS)
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Services: Agricultural loans, AEPS transactions, insurance.
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Coverage: Primarily rural and semi-urban regions.
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Why It Stands Out: Tailored solutions for farmers and rural entrepreneurs.
8. PhonePe (AEPS via BharatPe)
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Services: AEPS withdrawals, UPI, merchant payments.
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Coverage: Pan-India.
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Why It Stands Out: Trusted brand with high transaction security.
9. NSDL Payments Bank
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Services: AEPS, savings accounts, FASTag services.
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Coverage: Expanding rapidly in Tier 2 and Tier 3 cities.
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Why It Stands Out: Strong government and corporate tie-ups.
10. Razorpay X AEPS
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Services: Business AEPS solutions, bulk payments.
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Coverage: Major metros and growing in smaller towns.
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Why It Stands Out: Ideal for SMEs and startups.
How to Verify an AEPS Company’s Registration?
Before partnering with or transacting via an AEPS company registered in 2025, ensure its legitimacy by:
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Checking NPCI’s official list of authorized AEPS providers.
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Verifying RBI approval for payment banks and fintech firms.
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Looking for customer reviews and fraud alerts online.
Future of AEPS in India (2025 and Beyond)
With India’s push for digital financial inclusion, AEPS is expected to grow exponentially. Trends to watch in 2025 include:
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Biometric security enhancements (iris scanning, voice authentication).
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Integration with UPI 2.0 for faster transactions.
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Expansion of AEPS in government schemes (PM-KISAN, NREGA payouts).
Frequently Asked Questions (FAQs)
1. Is AEPS safe to use in 2025?
Yes, AEPS is secure as it relies on Aadhaar-based biometric authentication, reducing fraud risks.
2. Can I use AEPS without a bank account?
No, your Aadhaar must be linked to a bank account for AEPS transactions.
3. Are there charges for AEPS transactions?
Most AEPS companies registered in 2025 charge a nominal fee (₹5-₹20 per transaction).
4. Which is the best AEPS provider for rural areas?
PayNearby, Fino Bank, and BankMitra (CSC AEPS) are highly recommended for rural coverage.
5. How do I register as an AEPS agent?
Contact any registered AEPS company, submit KYC documents, and complete their training program.
Conclusion
The AEPS companies registered in 2025 are playing a crucial role in making banking accessible to every Indian. Whether you’re a customer looking for easy cash withdrawals or an entrepreneur wanting to become an AEPS agent, choosing the right provider is key.
Stay updated with NPCI and RBI guidelines to ensure safe and seamless transactions.
Disclaimer
This post is for educational purposes only. The information provided is based on publicly available data as of 2025. For any concerns regarding content ownership or removal, please refer to our DMCA page. Always verify details from official sources before making financial decisions.