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Fintech Software

AePS & DMT Software

Enable cash withdrawals via Aadhaar biometric (AePS) and instant domestic money transfers (DMT) from your retailer network — financial inclusion technology for Tier 2, 3 and rural India.

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What is AePS & DMT Software?

AePS (Aadhaar-enabled Payment System) allows customers to perform cash withdrawals, balance enquiries, and fund transfers using only their Aadhaar number and biometric fingerprint — no debit card, no PIN required. DMT (Domestic Money Transfer) enables instant inter-bank fund transfers from a retailer's portal to any bank account in India, using the sender's mobile number as the customer identifier, processed via IMPS through the NPCI network.

Together, AePS and DMT form the backbone of financial inclusion services in India — bringing banking access to the 300+ million unbanked and underbanked citizens who do not have smartphones, debit cards or bank branches nearby. For your retailers, AePS and DMT are high-demand, high-frequency services that bring significant daily footfall and commission income.

UP17 Communication's AePS & DMT Software connects your platform to an NPCI-authorised Business Correspondent (BC) API provider, enabling your retailer network to act as Banking Correspondent outlets (BC points) without needing a banking licence. The platform requires a biometric fingerprint scanner at the retailer level (typically a Mantra or Morpho USB scanner) and handles all the AePS and DMT transaction processing, wallet management, commission disbursement and reporting.

This software is particularly powerful when combined with BBPS bill payment and mobile recharge — creating a full fintech outlet at every retailer location. A single shop can process recharges, pay utility bills, accept cash withdrawals (AePS), and send money transfers (DMT) — becoming the de-facto financial services hub for the entire neighbourhood.

Key Features

Everything you need to run a successful AePS & DMT Software business.

AePS Cash Withdrawal
Aadhaar-based cash withdrawal from any bank account linked to Aadhaar (no card needed). Customer provides Aadhaar number + fingerprint scan. The system debits the linked bank account and the retailer pays out cash. NPCI processes the transaction within seconds. Supports all major Indian banks.
AePS Balance Enquiry
Check Aadhaar-linked bank account balance using fingerprint authentication. Customers who want to verify their balance before withdrawing use this free service. A high-demand, zero-cost entry point that drives footfall to your retailers.
Aadhaar-to-Aadhaar Fund Transfer
Transfer funds from one Aadhaar-linked bank account to another using biometric authentication. No bank account number or IFSC required — just Aadhaar numbers of sender and receiver. Particularly useful for rural MNREGA wage recipients and migrant worker remittances.
DMT — Instant Money Transfer
Send money to any bank account in India via IMPS (Instant Payment & Money Transfer). Retailer collects cash from the sender, enters recipient bank details, and transfers funds instantly. Transaction limit ₹5,000 per transaction, ₹25,000 per sender per month (NPCI-defined). Confirmation sent to both sender and recipient by SMS.
Sender KYC & Registration
First-time DMT senders are registered with mobile number and Aadhaar (eKYC via OTP or biometric). Subsequent transfers from the same mobile number are processed without re-registration. KYC records stored securely in compliance with RBI guidelines.
Biometric Device Integration
Compatible with Mantra MFS100, Morpho MSO1300/E3 and Startek FM220U fingerprint scanners — the most widely available and affordable devices in the Indian market. Auto-detection of connected scanner at login. Driver-less integration on modern browsers via WebUSB.
Retailer Wallet & Settlement
AePS retailers maintain a float wallet to disburse cash. After an AePS transaction, the NPCI settlement credit arrives in the retailer's settlement bank account (T+1). DMT retailers maintain a wallet that is debited per transfer. Commission is credited instantly on transaction success.
Commission & Incentive Tracking
AePS cash withdrawal commission: ₹4–₹8 per transaction (NPCI-defined). DMT commission: 0.2–0.5% per transaction. All commissions are credited in real time to the retailer's wallet and visible in the transaction history. Monthly performance incentives and ranking system.
Compliance & Audit Trail
Every AePS and DMT transaction is logged with timestamp, terminal ID, geolocation, biometric reference ID and NPCI response code. Full audit trail for BC compliance requirements. Transaction reports exportable for RBI Business Correspondent reporting.
Admin Analytics & Monitoring
Real-time monitoring of AePS and DMT transaction success rates, failure reasons, volume per retailer and daily settlement status. Alerts for unusual transaction patterns, biometric failures and settlement delays. Network-wide revenue and commission report.

Why Choose AePS & DMT Software by UP17?

We build enterprise-grade software tailored for the Indian market.

Massive Underserved Market
Despite UPI growth, millions of Indians — particularly elderly, rural and economically weaker sections — still depend on cash and do not have smartphones. AePS gives them a way to access their bank accounts through a trusted local retailer, creating strong demand for your BC network.
High Commission Per Transaction
AePS cash withdrawal earns ₹4–₹15 per transaction depending on the bank and NPCI slab. A busy retailer processing 50 AePS transactions per day earns ₹200–₹750 daily from AePS alone — making it one of the most profitable per-transaction services in the fintech stack.
Government & DBT Alignment
AePS is the primary channel for Direct Benefit Transfer (DBT) cash withdrawals — PM-KISAN payments, MNREGA wages, pension disbursements, PM-Ujjwala subsidy. Your retailer network becomes a trusted government-aligned cash disbursement point, attracting repeat government beneficiaries.
Build Retailer Stickiness
AePS requires a dedicated biometric device and a formal BC agreement — creating a switching barrier for retailers. Once set up, retailers rarely change their BC provider. This results in high long-term retention and predictable network revenue.
Combine with Recharge & BBPS for Full Fintech Suite
The real power of AePS + DMT is when combined with mobile recharge, BBPS bill payments and IRCTC rail bookings on the same retailer dashboard. One platform, one wallet, all services — maximising revenue per retailer and per customer visit.

Who Should Use This?

Banking Correspondent (BC) Networks Common Service Centres (CSC VLEs) Kirana & Rural Retail Shops Micro-Finance Institution Agent Networks Post Office BC Outlets Fintech Distributors Seeking BC Services

Technical Specifications

Technology Stack PHP 8+, MySQL 8
AePS API Via authorised BC API provider (FINO, PayNearby, Spice Money)
DMT Network IMPS via NPCI — all bank accounts
Biometric Devices Mantra MFS100, Morpho MSO 1300/E3, Startek FM220U
Transaction Speed AePS: < 10 seconds | DMT: < 30 seconds
Mobile Support Responsive Web + Android App (optional)
Delivery Timeline 7–14 Working Days
Source Code Included (full ownership)
Support 1 Year Free + Extended AMC Available

Frequently Asked Questions

Got questions? We've answered the most common ones below.

No. Retailers operate as Business Correspondent (BC) agents of a licensed BC entity (typically a bank or NBFC holding an RBI BC licence). Your platform connects via a BC API aggregator that holds this licence. Retailers sign a BC agent agreement with the aggregator — no individual banking licence is required.
The most common and affordable option is the Mantra MFS100, available for ₹800–₹1,200 on Amazon/Flipkart. The Morpho MSO 1300 E3 is also widely used. Retailers plug the USB scanner into their computer or Android phone, and the platform browser detects it automatically through our WebUSB integration.
The retailer pays out cash to the customer from their own float. NPCI settles the corresponding amount into the retailer's registered bank account on T+1 (next business day). The retailer needs to maintain sufficient cash float for the day's expected transactions.
NPCI defines DMT limits: ₹5,000 per transaction, ₹25,000 per sender per month for non-KYC senders. Full KYC senders can transact up to ₹1 lakh per month. These limits are subject to change by NPCI/RBI guidelines, and our platform enforces them automatically.
Yes. Both services run on the same retailer dashboard and use the same wallet/settlement infrastructure. A retailer can process an AePS withdrawal for one customer and a DMT for the next without switching platforms or logins.
Such incidents are handled through the BC dispute resolution process. The transaction is flagged, the NPCI reversal mechanism is activated, and the customer receives a credit reversal within 5 business days. Our platform logs all disbursement confirmations for compliance purposes.

Ready to launch your AePS & DMT Platform?

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