AEPS (Aadhaar Enabled Payment System) has revolutionized digital banking in (AEPS Seva) India, allowing seamless transactions using just an Aadhaar number and biometric authentication. As we step into 2025, several companies are leading the charge in providing AEPS services, making financial inclusion a reality for millions.
In this article, we’ll explore the top 8 AEPS service providers in 2025, including well-known names like AEPS Seva, Fino Payments Bank, and NPCI-backed solutions. We’ll break down their services, benefits, and why they stand out in the fintech space.
What is AEPS and Why is it Important?
AEPS (Aadhaar Enabled Payment System) is a bank-led model that enables secure, cashless transactions using Aadhaar authentication. It eliminates the need for debit cards, PINs, or mobile apps—just your fingerprint or iris scan!
Key Features of AEPS:
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Cash Withdrawal & Deposit – No need for physical cards.
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Balance Inquiry – Instant bank balance checks.
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Fund Transfers – Easy peer-to-peer transactions.
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Aadhaar-to-Aadhaar (A2A) Payments – Direct transfers using Aadhaar numbers.
With AEPS, even rural and unbanked populations can access digital banking effortlessly.
Top 8 AEPS Service Providers in 2025
1. NPCI (National Payments Corporation of India)
Role: The backbone of India’s digital payments, NPCI developed AEPS under the UIDAI (Unique Identification Authority of India).
Why They Stand Out:
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Government-backed security & reliability
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Interoperability – Works across all banks
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Supports multiple AEPS transaction types
Best For:Â Those who prioritize security and nationwide acceptance.
2. AEPS Seva
Role: A leading AEPS service provider offering micro-ATM services.
Why They Stand Out:
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Wide agent network (over 1 million touchpoints)
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Low transaction fees
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Easy onboarding for merchants
Best For:Â Small businesses and rural banking agents.
3. Fino Payments Bank
Role: A pioneer in AEPS-based banking solutions.
Why They Stand Out:
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Strong rural presence
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Multi-functional micro-ATMs
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Instant cash withdrawal & remittance
Best For:Â Customers in semi-urban and rural areas.
4. PayNearby
Role: A fintech giant enabling AEPS transactions through local stores.
Why They Stand Out:
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Turns small shops into banking points
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Offers additional services like insurance & bill payments
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User-friendly app for agents
Best For:Â Retailers looking to offer banking services.
5. Eko India Financial Services
Role: A major AEPS provider with a focus on financial inclusion.
Why They Stand Out:
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Fast and low-cost transactions
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Strong focus on last-mile banking
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Partnerships with major banks
Best For:Â Low-income groups and migrant workers.
6. BankMitra (CSC AEPS)
Role: Operates under Common Service Centres (CSC) for rural banking.
Why They Stand Out:
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Government-supported AEPS model
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Widest rural reach
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Offers additional services like PAN card & pension disbursement
Best For:Â Villagers and farmers needing banking access.
7. Airtel Payments Bank
Role: Telecom giant turned AEPS service provider.
Why They Stand Out:
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Leverages Airtel’s vast retail network
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High-speed transactions
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Cashback offers on AEPS transactions
Best For:Â Airtel users and urban merchants.
8. Jai Kisan (Bharat Financial Inclusion Ltd.)
Role: Focuses on AEPS for farmers and rural entrepreneurs.
Why They Stand Out:
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Tailored solutions for agriculture-based transactions
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Low-interest microloans via AEPS
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Strong NGO & bank partnerships
Best For:Â Farmers and agri-businesses.
How to Choose the Best AEPS Provider?
When selecting an AEPS service provider, consider:
✅ Network Coverage – Does it serve your location?
✅ Transaction Fees – Are the charges reasonable?
✅ Additional Services – Does it offer bill payments, loans, etc.?
✅ Ease of Onboarding – How quickly can you start transacting?
The Future of AEPS in India
With UPI and AEPS integration, the future looks promising. Expect:
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More biometric innovations (voice & facial recognition)
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Expanded rural banking penetration
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Tighter security protocols
Frequently Asked Questions (FAQs)
1. Is AEPS safe to use?
Yes! AEPS uses Aadhaar-based biometric authentication, making it highly secure.
2. What is the maximum transaction limit for AEPS?
Typically ₹10,000 per transaction, but it varies by bank.
3. Can I use AEPS without a bank account?
No, your Aadhaar must be linked to a bank account.
4. Are there charges for AEPS transactions?
Yes, but they’re minimal (usually ₹5-₹15 per transaction).
5. Which is better: AEPS or UPI?
AEPSÂ is great for rural areas with no smartphones;Â UPIÂ is better for urban digital payments.
Conclusion
AEPS services are transforming India’s banking landscape, especially for the unbanked. Whether you’re a merchant, farmer, or urban user, there’s an AEPS provider tailored for your needs.
From NPCI’s secure infrastructure to AEPS Seva’s vast agent network, these top 8 companies are making financial inclusion a reality in 2025.
Which AEPS service are you using? Share your experience in the comments!
Disclaimer
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