RBP Finivis is the leading AePS API provider company in India that provides complete AePS software, AePS API integration, and AePS payment solution with the best support. We provide API integration services with real-time settlement, robust technology, enabling financial inclusion and banking solutions to start a FinTech business.

NEP banks are expanding exponentially, leveraging state-of-the-art technologies to win over consumers who expect financial services that are easier, quicker, and more efficient. They provide a complete experience of digital banking through a mobile application. However, Neo banks have been the next big thing in the FinTech industry in recent years and grow drastically in the years to come.

DMT (Domestic Money Transfer) API has made money transfer easy across 200+ banks all over India in just a minute. RBP Finivis, being a DMT API Provider Company in India developed an API and SDK to make direct money transfer service accessible to everyone in the country effortlessly. Transactions performed under DMT are relatively safe, secure, and based on criteria to create a convenient user experience.

RBP Finivis an API Provider company in India developed compatible and customized APIs and one such API is Micro ATM API. 

What is AePS? Where and When it can be Beneficial?

AePS is Aadhaar based payment system. This payment system is launched by the government of India under the National Payments Corporation of India (NPCI) and was initiated by RBI. It is a bank-led model that allows online transactions using Aadhaar authentication. AePS enable the following six types of transactions:

Massive growth has already been made by banks to bring financial inclusion in the country to help human society. But, a large number of rural and urban poor people are still lagging to have access to their basic bank account, which is an important first step towards financial inclusion. However, it is not possible to set up bank branches and large ATMs in remote rural areas. Thus, Micro ATMs are the most suited substitute to overcome the lack of such facilities.

AePS stands for Aadhaar Enabled Payment System. It is a bank-led model that allows basic banking services through the banking/business correspondents at your doorsteps.

Technology has come a long way and is constantly growing at a fast pace and one such technology is API is also known as Application Programming Interface and when we talk about API, RBP FINIVIS Pvt. Ltd is a pioneer API provider company in India. We provide various API-oriented services across horizons like AePS, Micro ATM, Bharat Bill Payment System, and DMT.

AePS is an Aadhaar based payment system for the solution of all your banking transactions. This system is card-less and pin-less. With the support of AePS API Provider Company, you can receive and send payment from any bank using your Aadhaar number and biometric authentication. This service is available 24*7. Therefore, AePS is an interoperable and easily accessible mode of transactions without the use of account numbers and other bank details. It has been flourished more in rural areas and gained popularity during Covid 19 pandemic and successive lockdowns.

Many places in India have very few banking facilities and financial infrastructure. Unlike urban India, the less developed parts of our country have seen very little amounts of development. This includes access to the formal financial systems. So, it is no wonder that many people in rural India turn towards unregulated and informal monetary mechanisms. The only way to change this situation is to increase availability to the regulated financial segment.