Starting an AEPS (Aadhaar Enabled Payment System) business is a lucrative opportunity in India’s growing digital financial ecosystem. But before diving in, you need the right equipment to ensure smooth operations. Whether you’re an individual agent or a small business owner, understanding the essential tools will help you set up efficiently.
In this guide, we’ll break down the must-have equipment for AEPS business, along with additional tools that can enhance your services.
Essential Equipment for AEPS Business
To run an AEPS business, you need a few key devices that facilitate Aadhaar-based transactions. Here’s the core equipment required for AEPS business:
1. AEPS Micro ATM Device
The most critical tool is an AEPS-enabled Micro ATM. This device connects to the banking network and allows customers to perform transactions using their Aadhaar number and fingerprint.
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Features to Look For:
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Biometric scanner (fingerprint authentication)
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GPRS/Wi-Fi/Bluetooth connectivity
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Thermal receipt printer (for instant transaction slips)
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Battery backup (for mobility)
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Popular Brands:
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EzeTap
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Mswipe
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Bijli Pay
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2. Android Smartphone or Tablet
Many AEPS services can also be operated via a mobile app on a smartphone or tablet. If you prefer a cost-effective setup, you can use:
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A basic Android phone (with at least 2GB RAM)
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AEPS service provider’s app (e.g., PayNearby, PhonePe Business)
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Biometric scanner attachment (if the phone doesn’t have one)
3. Fingerprint Scanner
If your Micro ATM or smartphone lacks an in-built scanner, you’ll need an external biometric device. These plug into your phone or Micro ATM via USB/Bluetooth.
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Recommended Models:
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Mantra MFS100
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Secugen Hamster Pro
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4. Internet Connection (JioFi, Dongle, or Broadband)
Since AEPS transactions require real-time verification, a stable internet connection is a must. Options include:
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Mobile hotspot (Jio, Airtel 4G)
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USB dongle
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Broadband (for fixed shops)
5. Thermal Printer (Optional but Recommended)
While not mandatory, a thermal printer helps provide instant receipts to customers, adding professionalism to your service.
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Budget Options:
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Zebra ZQ510
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TVS MSP 250
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6. Power Backup (UPS or Power Bank)
Power cuts can disrupt transactions. A small UPS or power bank ensures uninterrupted service.
Additional Tools to Enhance Your AEPS Business
Beyond the basics, these tools can help you expand your AEPS business and offer more services:
1. POS Machine (For Multi-Service Offerings)
A Point of Sale (POS) machine allows you to accept card payments, increasing revenue streams.
2. Cash Drawer (For Handling Physical Cash)
If you deal with cash withdrawals, a secure cash drawer helps manage liquidity.
3. CCTV Camera (Security Measure)
For shop-based setups, a CCTV camera deters fraud and ensures safety.
4. Business Software (For Record-Keeping)
Use accounting apps like Tally or Khatabook to track transactions efficiently.
How to Choose the Right AEPS Service Provider?
Your AEPS business setup also depends on partnering with a reliable bank or fintech company. Consider:
✅ Low Commission Rates (Compare transaction charges)
✅ Easy Onboarding (Minimal documentation)
✅ Good Customer Support (Quick issue resolution)
Top AEPS Providers in India:
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Airtel Payments Bank
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Paytm Payments Bank
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Fino Payments Bank
Cost of Starting an AEPS Business
| Equipment | Approximate Cost (₹) |
|---|---|
| Micro ATM | 5,000 – 15,000 |
| Smartphone | 7,000 – 15,000 |
| Fingerprint Scanner | 2,000 – 5,000 |
| Thermal Printer | 3,000 – 8,000 |
| Internet Dongle | 1,000 – 2,000 |
Total Initial Investment: ₹15,000 – ₹30,000
Frequently Asked Questions (FAQs)
1. Can I start an AEPS business without a Micro ATM?
Yes, you can use an AEPS mobile app with a biometric scanner, but a dedicated Micro ATM is more reliable.
2. Is AEPS business profitable?
Yes, with commission earnings (₹5-₹20 per transaction), you can make ₹10,000–₹30,000/month with good footfall.
3. Do I need a shop for AEPS business?
No, you can operate as a mobile agent with a portable Micro ATM.
4. What documents are required?
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Aadhaar Card
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PAN Card
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Bank Account
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Business Registration (if applicable)
Conclusion
Starting an AEPS business requires minimal equipment but offers high earning potential. By investing in a Micro ATM, biometric scanner, and stable internet, you can launch your venture smoothly.
Want to maximize profits? Add POS services, cash management tools, and digital banking solutions to attract more customers.
🚀 Ready to start? Partner with a trusted AEPS provider today and tap into India’s digital payment revolution!
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