With the rise of digitalisation in India, cashless transactions have become increasingly popular. We are now seeing more and more people opting for contactless payments for almost all transactions, be it shopping for groceries or paying utility bills. This blog will explore AEPS (Aadhaar Enabled Payment System), what it is, how it operates and its benefits to both customers and merchants. So if you’re looking to understand more about AEPS and its advantages, read on further!
AEPS stands for “Aadhaar Enabled Payment System” and
“AEPS in Hindi means Aadhaar Saksham Bhugataan Pranaale.”
It is a system that allows the merchants to use the Aadhaar number of their customers to make payments at AEPS enabled devices. The merchants can also use AEPS to withdraw cash from their accounts at AEPS enabled banks. Aeps is aimed at advancing the digital economy and making India a digital superpower.
The biggest problem facing India’s development journey was the inability of banking and financial services to reach the villages in the country. As a result, it could not include a considerable amount of money in the banking system. In such a situation, the Reserve Bank of India directed NPCI (National Payments Corporation of India) to create a system that can provide banking services in those areas of India where there is no banking service or it is very nominal. So, RBI directed the NPCI to introduce AEPS for better financial inclusion in the country.
Here are some easy steps to get started with AEPS:
AEPS has been designed to work even if the customer does not have a mobile phone or access to the internet. He/She can simply visit the merchant and get it done. This makes it especially useful for rural customers who may not have access to these services. However, it should be noted that customers will need to have their Aadhaar number linked to their bank account before they can use AEPS.
Here’s everything you need to know about FINKEDA AEPS:
Finkeda AePS is a banking service that revolutionizes the way merchants can carry out banking transactions for their customers. With the use of the Aadhaar card of the customer, a secure Biometric Scanner and an application on their mobile phone, they can make withdrawals, balance enquiries, and mini statements securely. This service has been designed to make banking easier, faster, and more convenient for people.
It is available with retailers and dealers who are trained by Finkeda, who have digital access. You can easily visit our local store and ask for help from one of our trained people.
There are many benefits of using AEPS service by FINKEDA. We provide benefits to retailers and dealers in turn providing benefits to customers. Have a look at the benefits that we provide:
We offer an easy way for people to start a business with maximum benefits:
We offer the simplest way to start your own business with maximum benefits:
India has taken another great leap forward by adding one more digital payment mode- AEPS is a great way to pay for all of your necessities without having to carry cash or card with you during your day-to-day activities. We hope this blog helps in educating you about the existence and operation of AEPS, as well as its multiple advantages.
If you have any queries, feel free to drop your comments or recommendations. We would be more than happy to accommodate them.
Mr. Kumar Vishal, an artistic and senior software developer at Ikeda Limited since 2021, exemplifies the fusion of awe-inspiring vision and technical mastery. With 6+ years of excellence in fintech, telecom, data collection, and diverse industries. Mr. Kumar has developed staggering and outstanding software taking our company’s growth to another level. His expertise is in software development, safety and compliance, and advanced technologies such as SOAP and CURL API, while his proficiency in PHP, MySQL, jQuery, and AJAX has consistently driven our projects forward with precision and innovation.
At Ikeda Limited, Mr. Kumar Vishal has been instrumental in driving the staggering growth of our tech team. His exceptional excellence in data analysis and visualization, coupled with his expert use of JIRA, has refined our simple development processes and boosted project management efficiency. Not just that, his uncompromising commitment to safety and compliance has fortified our systems, which means resilience and reliability in the ever-evolving domain of fintech. Vishal’s technical know-how, aesthetically pleasing development skills, and technical expertise have been key in upholding the high standards we set in the fintech and telecom industries.
In addition to his technical strengths, Vishal’s soft skills, loyalty, dedication, and proficiency have cultivated a vibrant and collaborative team culture. His influence goes beyond coding; he motivates his colleagues with his steadfast dedication and creative problem-solving. All thanks to Vishal’s remarkable contributions, Ikeda has not only excelled in the fintech era but has also improved our technological leadership and business success.
Manish Kumar Goyal, renowned for his unparalleled business acumen and exceptional command of numbers, has significantly shaped Ikeda Ltd.’s trajectory as the Director, Chairman, and Managing Director. His proven track record in FMCG, Telecom, and Fintech, along with a thriving entrepreneurial journey, positions him as a strategic visionary in the industry.
Goyal’s hands-on approach to finance and people management fosters efficiency and cultivates a strong organizational culture. His enthusiasm and humour inspire respect among colleagues. Since the inception of Ikeda Ltd., where he serves as a key Promoter and Director, he assumed the role of Managing Director in June 2024, reinforcing his unwavering dedication to the company’s progress.
With a strong educational foundation in science from Maharishi Dayanand Saraswati University Ajmer, Goyal brings a unique perspective to the business world. His 25 years of experience equip him with the skills to navigate complex markets and build lasting partnerships.
As a leader, Goyal spearheads finance and HR activities, ensuring Ikeda Ltd. operates efficiently and effectively in a competitive landscape. His nature and extensive experience position him as an influential force shaping the company’s future success.
At Ikeda Ltd., Manish Kumar Goyal leverages his expertise and entrepreneurial spirit to deliver unparalleled value across diverse markets. Through strategic leadership in Finance and HR, he aims to build strong partnerships while nurturing talent within our organization. Goyal ensures that every voice is heard as we collectively shape our journey ahead.
Since Mr. Parul Sharma joined Ikeda Limited in 2022 as our Legal and Principal Officer, his impact has been nothing short of transformative. With a degree in Computer Science and 12 years of impressive experience, he has brought invaluable legal insight and strategic direction to our team. His role is to ensure our operations comply with all relevant laws and regulations, manage legal risks, and oversee crucial legal documentation.
Not just that, Mr. Sharma’s contributions to safety management and operational compliance have been substantial. His strategic improvements have also enhanced our company’s legal frameworks and ensured robust risk management, benefiting our operations and stakeholders. His adept handling of compliance issues and legal advisory roles has streamlined our processes and undoubtedly fortified our legal standing.
In addition to his legal expertise and staggering excellence, Mr. Sharma’s ability to offer strategic oversight has driven operational excellence within IkedaLimited. His work has assured us that we meet industry standards and positioned us for groundbreaking success and growth. We at Ikeda are truly grateful for Mr. Parul Sharma’s exceptional endeavor, strengthening our operational integrity and advancing our business objectives.
Sajal Arora joined Ikeda Limited in 2022 and brings over a decade of extensive excellence in banking, fintech, and management. With a solid educational background including a PGPM with a major in Finance from ICFAI Business School and a BBA from I.P. University, Sajal is well-equipped to navigate the complexities of the financial and management industry.
In his role as AVP Alliances and Banking, Sajal’s excellence in banking alliances and operations has been pivotal to our growth. His strategic concept and profound excellence in these areas have fostered strong relationships and streamlined our banking operations, significantly enhancing our fintech capabilities. Sajal’s dedication, commitment, and expert understanding of the financial landscape have not only strengthened our alliances but also played a crucial role in refining our operational strategies.
Sajal’s contributions extend beyond his impressive skill set; his commitment and strategic approach have driven Ikeda’s success in the competitive financial sector. His expertise seamlessly complements our goals, ensuring that our alliances and banking operations are both effective and innovative.
Mr. Sharad Sachdeva has joined us as Head-Customer Support, bringing a remarkable 23 years of expertise and experience in project management. His extensive background spans key positions, such as project manager, senior manager in customer service, senior manager in operations, and customer service executive. With an M.B.A. from the National Institute of Management and a B.Com from C.C.S. University, his academic achievements further bolster his strategic expertise, technical know-how, and leadership qualities.
In his pivotal role, his strategic vision and seasoned approach have always played an essential role in refining our customer support functions, significantly enhancing our service quality and operational efficiency. We are profoundly thankful for his dedication and exceptional work with exceptional endeavors, which have driven our company’s success and established new benchmarks in customer satisfaction. His contributions continue to be a cornerstone of our growth, expertise, and excellence.
At Ikeda Ltd., we are honored to have Shankar Aggarwal on our board. With an impressive academic background, including an MTech in Computer Technology from IIT Delhi and a B.E. in Electronics & Communication from IIT Roorkee, Shankar’s journey is nothing short of extraordinary.
With over 36 years of service in the Indian Administrative Service (IAS), Shankar Aggarwal has made transformative contributions as Secretary in various ministries, including Labour & Employment, Urban Development, and Women & Child Development. His expertise spans critical sectors like defence, finance, energy, and IT.
Starting his career as a Program Analyst at Tata Motors, Shankar Aggarwal quickly progressed to the IAS, where his impactful leadership earned him accolades and a Lifetime Achievement Award from IIT Roorkee. Even after his IAS tenure, Shankar Aggarwal has continued to shape industry standards as an Independent Director at organizations such as Multi Commodity Exchange of India Limited and Dish TV India Limited, and as Chairman & Independent Director at RIA General Insurance Limited.
In addition to his directorial roles, Shankar Aggarwal serves as a Consultant for Systra MVA Consulting (India) Private Limited and as Chancellor at Sushant (Ansal) University, Gurgaon. His unwavering commitment and innovative mindset perfectly align with the values of Ikeda Ltd.
Shankar Aggarwal’s exceptional leadership and visionary outlook are integral to our growth and success. His influence is not only felt in the boardroom but also inspires our entire team to reach new milestones. We are honoured to have Shankar Aggarwal as a guiding force at Ikeda Ltd., driving us towards a future full of promise and achievement.
At Ikeda Ltd., we believe in the potential of every individual to shine. Leading our efforts to realize this belief is Shailey Raina, our exceptional HR leader, whose passion and expertise are the driving forces behind our success.
With over 23 years of HR experience, Shailey holds an MBA in HR and is a certified ICF ACC, Emotional Intelligence Coach, Career Coach & Mentor and a POSH Consultant. Her solution-oriented and humanistic approach emphasizes personal fulfillment and value alignment in career development. Shailey’s professional journey spans the HR sector in sustainability-focused industries such as e-waste management, climate change consulting, and renewable energy initiatives across Southeast Asia, which have honed her resilience and adaptability before transitioning into the fintech industry.
At Ikeda Ltd., Shailey is more than an HR leader; she is a cultivator of a culture built on trust and respect. She is committed to diversity and inclusion and gender equality, ensuring every voice is heard and fostering a collaborative, high-performance environment. Shailey views challenges as opportunities for growth, both personally and for our team. Under her leadership, we don’t just work together—we thrive together.
Dr. Dhinender Lohmor’s mentorship is the cornerstone of Ikeda Ltd and brings unmatched expertise and visionary leadership to the table, redefining banking and finance. As a mentor and a financial transformation architect, he has navigated complex banking projects, corporate finance initiatives, and public-private partnerships (PPP) with ease. His ability to anticipate industry changes and adapt strategies keeps his team ahead in this fast-paced sector.
Holding an MBA (PGDM) and a PhD in Fintech Management, Dr. Lohmor’s academic achievements are a testament to his dedication to financial innovation. His research on “Comparative Analysis of Banking Systems and the Influence of Fintech in Contemporary Economic Environments” highlights his dedication to financial innovation.
Managing assets over USD 30 billion, Dr. Lohmor’s expertise in Mergers & Acquisitions, strategic investments, and financial modelling drives our success. His presentations to regulatory bodies like the Central Bank showcase his detailed and strategic approach, positioning Ikeda Ltd. as a leader in the financial sector.
At the forefront of technological innovation, Dr. Lohmor’s knowledge spans Blockchain, FinTech, Machine Learning, and AI. As an Angel Investor, he supports and nurtures innovative companies, driving technological advancements. His forward-thinking approach ensures that Ikeda Ltd. remains at the cutting edge of progress.
Beyond the corporate world, Dr. Lohmor’s work with ministries, states, universities, and autonomous bodies demonstrates his commitment to national development. As a keynote speaker at the 2nd National Summit on Academia Corporate, his insights have influenced policy-making and inspired leaders across the nation.
A Visionary Leader.
At Ikeda Ltd, we are proud to be led by Manoj Sharma, whose illustrious career spans over 30 years in the tech industry.
Resourceful and top-performing Information Technology Professional with B.E in Computer Technology. Certified Project Management Professional (PMP) through Project Management Institute (PMI) USA.
With 17 transformative years as a Vice President & Director in the United States & India, Manoj has been at the forefront of innovation and excellence. Our story is intricately woven with Manoj’s vast experiences. He has dedicated his career to developing, implementing, and managing state-of-the-art solutions for some of the world’s most respected enterprises.
Manoj has successfully implemented technology projects & provided project management services to various multinational companies & clients including IBM, Bank of America, Countrywide, HealthNet, American Express, Fiserv, Bangkok Bank, Citi Bank, Chase Manhattan Bank, Amgen, and Adobe etc. in USA. Manoj has excelled in various roles, from software designer to Vice President, consistently bringing innovation and excellence to every project he undertakes.
Manoj’s passion for technology transcends mere professionalism. His commitment to delivering impactful solutions that enhance lives aligns perfectly with our mission. At Ikeda Ltd, we share his belief that technology should solve problems, inspire progress, and foster connections within communities.
At Ikeda Ltd., we’re proud to have Yashpal Garg as our esteemed advisor, a dynamic force in revolutionizing the investment landscape. A visionary in the investment arena, Yashpal Garg overhaul the investment landscape by empowering mid-sized businesses with cutting-edge equity funding solutions. His dedication to fostering sustainable growth and creating lasting value for investors and communities sets him apart as a truly passionate advisor.
With over 15 years of experience, Yashpal Garg is more than an advisor; he is a committed partner to entrepreneurs and investors alike. His mission is to bridge visionary entrepreneurs with strategic capital, enabling them to bring their groundbreaking ideas to life. Understanding the unique challenges faced by mid-sized enterprises, Yashpal works tirelessly to inspire transformation through impactful investments.
At Ikeda Ltd., we are committed to facilitating change and driving progress. Under Yashpal Garg’s guidance, we ensure our clients achieve remarkable success, benefiting their stakeholders and communities. Join us on this journey as we redefine the possibilities in investing, one collaboration at a time.
A linchpin of Ikeda Ltd.’s corporate governance, Nadeem Arshad excels in navigating statutory and legal frameworks, particularly in Mergers and Acquisitions (M&A). His profound expertise in SEBI regulations, the Insolvency and Bankruptcy Code (IBC), and corporate law reflects our commitment to regulatory excellence.
Starting as a CS Trainee at MUDS Management Private Limited, Nadeem developed a keen understanding of corporate law. His adept management of NBFC registrations, company incorporations, and annual filings showcases his legal acumen. His proficiency in private placements, preferential issues, and executing transaction documents under the Companies Act of 2013 is unmatched.
A standout achievement in his career was leading the transition of IL&FS and its subsidiaries from public to private status, reflecting his strategic foresight and leadership. His meticulous work on employee stock option plans, share recovery processes, and GST compliance emphasizes his thoroughness and expertise.
At IKEDA LTD., Nadeem spearheads startup and seed funding efforts, merging corporate compliance with strategic advisory roles. His certifications, including a Certified CSR Professional from ICSI and BSE and an Intellectual Property course from WIPO, affirm his dedication to professional excellence.
Nadeem’s vision for IKEDA Ltd. is to create a robust governance framework that not only meets but exceeds regulatory standards. His mission is to drive strategic growth through meticulous compliance, ensuring that IKEDA remains at the forefront of corporate excellence.
Driven by motivation, analytical prowess, and exceptional communication skills, Nadeem is not just a compliance expert but a strategic asset, propelling IKEDA LTD. toward greater heights.
At Ikeda Ltd, we envision a future where financial integrity and strategic foresight empower businesses to thrive. Leading this vision is our Chief Financial Officer, Lavlesh Pandey, whose 15+ years of expertise are integral to our mission.
Lavalesh Pandey brings our team a wealth of knowledge and a track record of success. His exceptional proficiency in direct and indirect taxation, budgeting, forecasting, and financial statement analysis ensures that our financial strategies are comprehensive and highly effective. His ability to prepare statutory books of accounts and ensure compliance with regulatory norms sets a gold standard in financial management.
As a leader, Lavalesh Pandey excels in mentoring a talented finance team, defining key performance indicators that drive efficiency, and fostering an environment of continuous learning and growth. His leadership is pivotal in making our finance department agile and responsive to the dynamic business landscape.
Lavalesh’s technical expertise includes advanced proficiency with accounting software such as Tally ERP and QuickBooks. His commitment to process improvement initiatives has consistently enhanced service quality and reduced operational costs, making him an invaluable asset to Ikeda Ltd.
Under Lavalesh’s guidance, Ikeda Ltd. forges strong partnerships with our clients, empowering them to navigate their financial landscapes confidently. His strategic insight and meticulous approach are the foundation of our economic success.
At Ikeda Ltd, with Lavalesh Pandey at the helm of our financial operations, we are not just navigating the present but charting a course for a prosperous future.
At Ikeda Ltd., Madhvi Sharma serves as an Independent Director with a remarkable vision for governance and corporate excellence.
Her role is instrumental in shaping a culture of transparency and integrity, driving the company towards exceptional standards of accountability.
Madhvi’s impactful vision is centered on elevating corporate practices through strategic insights and ethical decision-making. She is dedicated to fostering an environment where sound governance is not just a goal but a continuous journey. Her mission is to empower Ikeda Ltd. to unlock its full potential by instilling robust practices that contribute positively to both the organization and the broader community.
Under Madhvi’s guidance, Ikeda Ltd. has embraced a forward-thinking approach that integrates high standards of transparency with impactful business strategies. Her leadership inspires a culture of responsibility and innovation, ensuring that every decision aligns with the company’s core values and mission. Madhvi Sharma’s presence at Ikeda Ltd. marks a commitment to setting new benchmarks in governance and achieving sustainable success.
At the helm of Ikeda Ltd.’s strategic vision is Y.S. Jain, our esteemed Independent Director with over 35 years of distinguished experience in banking. Y.S. Jain’s impressive career includes influential roles such as Zonal Head and Branch Head at Corporation Bank, where he demonstrated exceptional leadership and strategic prowess.
Educated at the prestigious Indian School of Business (ISB) and IIM Ahmedabad, Y.S. Jain combines deep industry knowledge with strategic insights. His marketing and corporate operations expertise has been a driving force in reshaping financial services.
Beyond his banking expertise, Y.S Jain has contributed significantly as a mentor and educator, designing training programs on Priority Sector Lending and serving as a Group Advisor for a significant business group in Gujarat. His extensive network with PSUs, academic institutions, and MSME associations across India enhances his ability to guide and influence the financial sector.
As an innovator, Y.S. Jain introduced Retail Hubs within the bank and developed impactful CSR guidelines. His commitment to mentorship and strategic leadership is instrumental in guiding Ikeda Ltd. toward sustainable growth and industry excellence.
With Y.S. Jain’s leadership, Ikeda Ltd. is poised to navigate the financial landscape confidently, drive impactful strategies, and uphold a legacy of integrity and social responsibility.
At Ikeda Ltd., we are fortunate to have the strategic guidance of Ramesh Jain as our Independent Director. With a distinguished career spanning over three decades, Ramesh brings a wealth of experience in law, finance, and operations to our board.
His entrepreneurial journey is as impressive as it is inspiring. Ramesh Jain’s entrepreneurial spirit led him to launch import-export ventures in computer hardware and medical diagnostic equipment. At Pipal Research, he grew the company from a two-person team to a 400-strong workforce before its acquisition by Crisil, an S&P Company. In 2011, he co-founded a private equity fund and later joined Strongbox Ventures, where he continues to support early-stage ventures with strategic guidance and capital investment.
Ramesh’s insights are instrumental in shaping Ikeda Ltd.’s strategic direction. His ability to identify opportunities, mitigate risks, and drive growth is unparalleled.
Beyond his professional accomplishments, in 2011, he co-founded a private equity fund for investments. By April 2012, he became an advisory and investor member of Strongbox Ventures, which accelerates early-stage ventures through strategic input and capital investment. Additionally, Ramesh Jain has worked on projects for the World Gold Council as the Financial and Operations Controller for Unison 13x.
Together with Ramesh Jain, we embrace challenges as opportunities for growth. At Ikeda Ltd., we believe in cultivating an environment where collaboration flourishes and ideas transform into extraordinary realities.
At Ikeda Ltd., we believe that success extends beyond mere numbers—it’s about the people driving those numbers. As a united team led by Sunil Chauhan, our Sales Director, we foster an environment where creativity and collaboration thrive. Sunil envisions a future where innovation empowers us to exceed sales targets and client expectations, forging lasting partnerships based on trust and mutual growth.
Collaboration is critical; Sunil closely collaborates with the Marketing and Product Development teams to ensure brand consistency across all platforms and keep his team informed about exciting new product launches. As an advocate for continuous improvement, he regularly reviews marketing plans, identifying gaps and implementing strategic adjustments. Recognizing excellence within his team is paramount; Sunil celebrates top sales producers who drive success.
Sunil’s meticulous tracking and analysis of sales data inform budget management and strategy refinement. With over 15 years of experience at prestigious companies like DhanHind Private Limited, Spice Digital Ltd., and Reliance Infocomm, he brings unparalleled expertise to his role at Ikeda Ltd.
Sunil Chauhan understands that each relationship we build is a stepping stone toward greater accomplishments. His expert guidance and unwavering support celebrate victories—from closing high-stakes agreements to recognizing exceptional contributions. Sunil ensures our journey at Ikeda Ltd. is fulfilling and inspiring through strategic collaboration with marketing and product development teams
At Ikeda Ltd., our shared vision propels us toward a future where technology seamlessly connects businesses and individuals, empowering them to thrive in an increasingly digital landscape. Our journey is fuelled by an unwavering commitment to exceptional service and innovative solutions that enhance customer satisfaction and operational efficiency.
Guided by the leadership of Rajesh Swami, one of our esteemed Directors, we leverage our extensive expertise in telecom and fintech to create reliable, tailored products that address the evolving needs of our clients. We prioritize strong partnerships, mutual empowerment among team members, and unwavering integrity in every interaction as we work toward sustainable growth.
Rajesh Swami, with a master’s degree in computer science from Maharaja Ganga Singh University in Bikaner, has been an integral part of Ikeda Ltd. since its inception. As a Promoter, he assumed the directorship role in October 2019, leading our customer service and operations departments with strategic vision and unwavering commitment.
His passion for technology and dedication inspires us all, driving us to embrace challenges with enthusiasm. Rajesh’s strategic vision shapes our core values of innovation and excellence. At Ikeda Ltd., we believe that together, as a united family, we can transform challenges into growth opportunities—for ourselves and the communities we serve.
At Ikeda Ltd., our shared vision propels us toward a future where technology seamlessly connects businesses and individuals, empowering them to thrive in an increasingly digital landscape. Our journey is fuelled by an unwavering commitment to exceptional service and innovative solutions that enhance customer satisfaction and operational efficiency.
Guided by the leadership of Puran Puri, one of our esteemed Directors, we leverage our collective expertise and 16 years of experience to create impactful strategies. These strategies not only achieve business objectives but also contribute to societal progress. We prioritize excellence, transparency, and collaboration in all our endeavours.
Mr. Puri, with a master’s in business administration from Jaipur National University, Jaipur, brings strategic insight and extensive experience to Ikeda Ltd. His leadership roles at reputable organizations such as Airtel, TTSL, MTS, and EbixCash (ITZ CASH CARD) have driven innovation and operational efficiency.
Since the inception of Ikeda Ltd., Mr. Puri has played a pivotal role as a Promoter and transitioned to his current position as Director in March 2021. He oversees critical areas, including legal affairs, technology integration, and marketing strategies. Together, we embrace challenges as growth opportunities, tailoring our approach to meet the unique needs of those who trust us. Our mission extends beyond numbers—it’s about contributing to societal progress and nurturing connections that uplift us all. Puran Puri exemplifies true leadership in today’s dynamic business environment.
Gagan’s inspirational leadership and technological prowess are the driving forces behind Ikeda Ltd.’s success. As the Technical Advisor & CTO at Ikeda Ltd., Gagan leads elite engineering teams in developing groundbreaking software products that not only meet but exceed customer expectations.
With over 30 years of multinational technical experience across India, the USA, Thailand, and Europe, Gagan spent more than a decade in the US, managing both onshore and offshore development teams. He has mastered the art of software product and service design, eventually leading international development teams. His expertise spans program and product management, delivering top-tier solutions in digital payments, pharmaceuticals, life sciences, real estate, e-commerce, and digital marketing.
Gagan has collaborated with global giants like IBM, Pfizer, and Johnson & Johnson, showcasing his exceptional problem-solving skills and proficiency in global communication. His high standards and relentless pursuit of excellence continue to propel Ikeda Ltd. to new heights, establishing him as an inspirational and empowering leader.
Gagan holds a Mechanical Engineering degree from IIT Delhi and an MBA from UCLA, USA. His qualifications and experience are invaluable assets to the Ikeda management team in achieving the company’s growth objectives.