What is Aadhaar Enabled Payment System (AEPS)

Understand Aadhaar Enabled Payment System App (AEPS Pay)

What is Digital Payment

Looking for Best AEPS Service Provider Company in 2020

What We Provide

Which Services You Can Offer Using AEPS Portal

Features of Aadhaar Enabled Payment System

How Agents Can Register for AEPS

best aeps service provider company in India 2020

What is Aadhaar Enabled Payment System (AEPS)?

Aadhaar enabled payment system is the type of payment system which allows a bank customer to use basic banking facilities without going bank or ATM. By using Aadhaar based payment system, a bank customer can get the advantage of all banking and financial facilities using his/her Aadhaar card and fingerprint authentication. This is a new edge of payment system which empowering cashless transaction habit in India and also supporting the Digital India project. Aadhaar payment system is started in 2016 by the Indian government to create a cashless society in India. It is effectively driven and control by NPCI (National Payment Corporation of India) under the surveillance of RBI (Reserve Bank of India).

Understand Aadhaar Enabled Payment System App (AEPS Pay)?

Aadhaar enabled payment system app or AEPS pay is the best tool for cashless banking and financial transaction in 2020. AEPS pay is an android based mobile application which uses AEPS e-KYC service. This is basically used by merchants, shopkeepers, and Business correspondents of banks for offering cashless banking and financial services to customers. It is making easy to accepting payments by shopkeeper just by a few steps. It is a fast, easy, and safest method of payment through the Aadhaar card. In short, we can say AEPS app is empowering cashless transaction habits by its stunning payment method and reliability factor.

What is Digital Payment?

Digital payment also is the part of AEPS service. If we talk about digital payment I have to go on the work process of AEPS service. In the AEPS service process customers have to go on business correspondence (BC) for the banking actions. They required aadhaar number and fingerprint for the action. In this case, they enter their aadhaar card number in the AEPS app by which their bank account is connected, then after approval, they have to use fingerprint as authentication or we can say as pin or code. Here Merchant sends all the details to NPCI and if all the details right and authenticated the transaction takes place. So in this whole process, no physical cash transaction occurs. Everything is done digitally, that’s why it is also known as digital payment.

Looking for Best AEPS Service Provider Company in 2020?

If you want to start a mini banking service at your shop or center you need AEPS software or AEPS app from any registered and authenticated AEPS service provider company.

I think you are a little bit confused about AEPS service provider company, like which company is good or not?

Here I will try to solve your problem

Yes, it’s true

Definitely, you want a company or a service provider which is best, which services are excellent, which support system is outstanding and which is approved and authenticated.

If you have the same desire regarding your AEPS service provider company, I would like to suggest a company that fulfills all these desires. I am talking about Ezulix software which is the best AEPS service provider company in India. Over the last few years, Ezulix Software is the most emerging company in India in AEPS service, recharge and app development. We have a wide range of potential customers all over India. Today we have 350+ active portals and 10,0000+ active members all over India.

What We Do Provide You?

Ezulix software is one of the best AEPS software provider company in India . You can start your own AEPS banking service with us as Admin and can offer cashless banking & financial services to your members. Our skilled and experienced professional team developed a new AEPS portal based on the latest technology. Earlier you had to settle the AEPS transaction amount to your members but in updated portal agents can directly settle their wallet using our new AEPS payout service.

Along with this, in the advanced portal, you can offer AEPS service through Yes Bank AEPS API, Fino Bank AEPS API and ICICI bank AEPS API. This will help you to make your service better. Although our advanced AEPS portal is fully customizable, you can change everything just by Drag & drop. So these are some latest features that we had updated in new portal which will help you to boost your AEPS transaction.

Which Service You Can Offer Using AEPS Portal?

By using Ezulix advanced AEPS portal, you can offer all basic banking services to your down line members which are following.

Cash Withdrawal

This is the most basic banking service which you can use through AEPS service. As a customer, you can withdrawal the amount from your bank account by visiting your nearby business correspondent. You can withdrawal money up to 10,000 in a day through 5 transactions. You can perform cash withdrawal just by using Aadhaar card and fingerprint authentication.

Balance Enquiry

By using AEPS service, you can check your bank account details without visiting an ATM or bank.

Mini Statement

This is a new service recently added in Ezulix AEPS portal in which you can find the last 5-10 transaction details using a mini statement service.

Micro ATM

Along with AEPS, you can now offer Micro ATM service to your members in which they can withdraw cash using debit cards. Micro ATM is quite similar to ATM service in which you can use debit cards and PIN to withdrawal money.

Aadhaar Pay Service

This is the last but the least. Earlier you can withdrawal only 10,000 rupees in a single day. Now by using Aadhaar pay service, you can withdrawal up to 100000 rupees in a day. This is the reason today this is the most trending service in the CSC business industry.

So these are all the services that you can offer to your members by using the Ezulix AEPS portal. Hereby using this service, you earn a commission on each and every transaction.

Features of Aadhaar Enabled Payment System?

There are many important and useful features of Aadhaar enabled payment system which make it more favorable and trending in the market.

AEPS offers you the facility to use basic baking activities without visiting bank or ATM

You can withdrawal cash from your bank account by using Aadhaar card and fingerprint authentication

If we talk about security, AEPS is the safest & secure online transaction platform at present

It helps to connect most of the rural areas of our country to the banking services

Now no need to remember ATM pin or Password or bank account details

It helps to create a cashless society in India

Shopkeepers can use this service to accept payments like PayTM and PhonePay

It is the simplest way to withdraw money

Very easy to use

How Agents Can Register for AEPS?

Earlier agents had to register for AEPS service through e-KYC which directly sent to the bank and bank provided approval for AEPS service in a week. This process was so time-consuming. To eliminate this, we have launched a new process in our advanced portal in which now admin provides a form to an agent. The agent fill the form and send it to the admin. Admin approve the form instantly and now agents can use AEPS service.

Conclusion

So here we learned what is Aadhaar enabled payment system (AEPS), AEPS app, which service you can offer through AEPS, its features, and the best AEPS service provider company in India.

So if you are planning to start your own mini banking business and looking for the best AEPS portal then this is for you. I hope this article will help you to understand AEPS business. For more details about AEPS, AEPS service and business opportunities visit my blog or directly contact our executives for a free live demo.