Micro ATM and Aadhaar Enabled Payment System (AePS) are different service arrangements that may help eligible customers access supported banking services at an authorized service point. They should not be treated as interchangeable: the transaction method, equipment, authentication and provider requirements can differ.
Key differences
| Area | Micro ATM | AePS |
|---|---|---|
| Typical setup | Approved payment terminal or device | Authorized AePS-enabled system and compatible authentication device |
| Transaction process | Depends on terminal, card/network and provider support | Uses Aadhaar-based authentication within the approved service workflow |
| Requirements | Provider approval, supported device and applicable credentials | Provider approval, eligible setup and prescribed authentication process |
| Availability | Varies by provider and service configuration | Varies by participating bank, provider and supported transaction |
What should retailers compare?
- Provider authorization and eligibility requirements.
- Device compatibility, costs and maintenance.
- Supported transactions, limits and applicable charges.
- Settlement, reconciliation and complaint procedures.
- Training, customer privacy and technical support.
Read the FCSPAY guides to Micro ATM for retail shops and AePS for retailers. Confirm current availability and terms with the authorized provider before choosing a service.
