AEPS means Aadhaar Enabled Payment System, a replacement payment service offered by the National Payments Corporation of India to banks and financial institutions using ‘Aadhaar’. Aadhaar may be a unique number issued by the Unique Identification Authority of India (UIDAI). In banking AEPS means empowerment where the provider allows a bank customer to use Aadhaar as his/her identity to access his/ her respective Aadhaar enabled checkivng account (AEPS service provider bank) and perform basic intrabank or interbank transactions. Aadhaar Enabled Payment System is a way to get money from the bank account without your signature or debit cards. Through the Aadhaar Enabled Payment System, customers don’t even need to visit a bank branch for getting money.
Benefits
- You can provide mini banking service at your shop
- You can attract customers by single solution facility at one place
- Easy to use
- You can earn commission on each and every AEPS Transactions
- Instant Activation
- Offer complete banking solution to your customers
Services
- Balance Enquiry
- Cash Withdrawal
- Mini statement
Requirements for AEPS transactions
- Bank Name
- Aadhaar Number
- Fingerprint captured during enrollment.
How can you provide AEPS service?
It is a very easy and simple way to Provide Apps service.
- First you need to connect with PAY POINT BCÂ
- To join you have to click on the registration button above.
- After registration is complete, you will get a Retailer ID password
- You can provide AEPS service to your customers by logging in as soon as you get the ID password.