Aadhaar Banking / Cash-out

AePS - Aadhaar Enabled Payment System

A simple and highly secure cash withdrawing ability for your customers using Aadhaar and ensuring that you earn more with every transaction.

What is AePS ?

Aadhaar enabled Payment System (AEPS) is a secured payment method provided by the National Payments Corporation of India (NPCI) that allows aadhaar linked bank account holders to avail basic banking services such as balance inquiry, cash withdrawal and mini statement. Customers simply need to tell Skytree Retailer their 12-digit aadhaar number and aadhaar linked Bank name.

Aadhar enabled payment system is a bank led model which allows online interoperable financial transaction at PoS (Point of Sale / Micro ATM) through the Business Correspondent (BC)/Bank Mitra of any bank using the aadhaar authentication.

Benefits-

Becoming Skytree agent is a profitable business opportunity.
Skytree agents can register for AePS service to convert their shop to a mini ATM.
Skytree provides people a perfect solution for their AePS related needs.
A long-term business association.
Big profits from smaller investments.

Services Offered by AEPS

Cash Withdrawal
Balance Enquiry
Mini Statement

Benefits of AEPS for Customer

Offers cardless cash withdrawals via Aadhaar authentication by Skytree AePS app or portal.
Easy and secure way for cash withdrawal and balance enquiry service.
AEPS has been formulated for every section of the society, so that the rural communities as well as elderly people of the urban areas can utilize the fast and reliable basic banking service.
Any bank account holder or customer can access banking services by simply identifying their identity with the help of biometrics and Aadhaar numbers without having to remember the account number.
Interoperable across multiple banks.
Check and download mini statement.

How to use AEPS?

The process of using AEPS is quite simple. Follow these simple steps:

Steps 1 : Visit Skytree outlet correspondent in your area. (It does not matter if you don’t remember your bank account can do transactions through AEPS).
Steps 2 : Provide the 12-digit Aadhaar number; Bank name to the Skytree
Steps 3 : Select transaction type - cash withdrawal, balance enquiry, Mini statement
Steps 4 : Enter the amount of the transaction (as applicable)
Steps 5 : Authenticate the transaction using biometric (fingerprint)
Steps 6 : The transaction is completed in seconds.
Steps 7 : The bank agent receives transaction receipt; customer receives an SMS confirmation from bank.
Steps 8 : Activates APES at very nominal prices and APES is very simple, secure and an easy-to-use platform for financial transactions. To use AEPS, users must link their bank account to Aadhaar.

Micro/Mini ATM Machine

Skytree has taken a step forward in the field of financial inclusion with an introduction of ‘Skytree Micro ATM Service’ to enable our agents to modify their shops into a digital banking system.

Skytree’s vision is to build an extensive public banking infrastructure that not only provides quality banking services, but also is available to ordinary citizens in urban and rural India.

Supplementary Branch Outreach is a Micro/Mini ATM network that provides convenient banking services to citizens. All in all, this is one of Skytree's missions to bridge the gap between the availability and accessibility of ordinary citizens providing simple banking services.

As India's first interoperable operating system, it is a banking innovation that can serve any bank customer though our portable device with debit card interface. The MicroATM Machine is operated by an agent that will includes a card reader for all cash withdrawal and balance enquiry transactions from all bank debit cards.

What transactions can be done at Micro/Mini ATM?

Cash Withdrawal (cash out from bank account)
Balance Check/Enquiry
Mini Statement (subject to service availability)

What are the benefits of using Micro/Mini ATM?

Now convert your shop into an ATM
This is a low-cost option for existing ATMs
Micro ATM is a portable device
Easy to carry, easy to set up anywhere in remote areas
Interoperable equipment that can work for any bank
Helping people to be useful in the process of demonetization
The Micro ATM is invented to help people of the rural area for the financial inclusion. However, in heavy cash crunch problem like today these types of Micro ATM Machines is boon to everyone.