(AEPS) Aadhaar Enabled Payment Services Provider
As an Aadhaar Enabled Payment System (AEPS) Software & API Solutions service provider, We offer the best commission structure & Minimum Volume Commitment. We also allow Immediate commission settlement in merchant wallet & same day on-boarding of Merchant’s agent and daily bank account settlement option on merchant's requirement.
Aadhaar Enabled Payment System (AEPS) is an Indian payment system developed by National Payments Corporation of India. AEPS is a bank led model which allows financial transaction (cash deposit, balance enquiry, cash withdrawal and remittance) based on unique identification number at POS (Point of Sale / Micro ATM) provided by the Banking correspondent. We are offering attractive commission structure for this service.
The AEPS allows payments using Aadhaar and biometric authentication and Aadhaar is a unique identification number issued by the Unique Identification Authority of India (UIDAI) to any resident of India. Aadhaar Enabled Payment System (AEPS) is a bank led model, which allows a person to carry out financial transaction on a micro-ATM provided by a banking correspondent using Unique Identification of Aadhaar number. This system is designed to handle banking transaction seamlessly in an effective way by enabling authentication gateway for all Aadhaar linked account holders.
AEPS transactions are card-less and pin-less, an individual can transact digitally through fingerprint authentication. The inter bank operation methods will provide a wider reach while the biometric authentication by Unique Identification Authority of India (UIDAI) will offer the high level of security.
Aadhaar enabled payment system is one of the most prominent technology based financial system. Aeps is aadhaar based payment deposit, withdrawal, balance enquiry and aadhaar to aadhaar payment transfer. These are the facility available in aeps banking model. aadhaar enabled payment system is giving freedom to do financial transaction online. It is also one of very easy and safe to operate.
List of Our AEPS Services USPs
- Best Commission Structure.
- Minimum Volume Commitment.
- Immediate commission settlement.
- Same Day on-boarding of Merchant’s agent (No need for KYC).
- Daily bank account settlement on Merchant's request.
There are four types of transactions supported by AEPS.
- Balance Enquiry
- Cash Withdrawal
- Cash Deposit
- Fund Transfer
AEPS required for following detail of customer to make the online financial transaction Aadhaar No., Bank’s IIN, Fingerprint and Aadhaar No. of beneficiary. The Aadhaar Payment System uses customer fingerprints for the authentication. On the basis of this authentication, the money is transferred from customer Aadhaar linked account to Merchant’s Account or customer can also do cash deposit, withdrawal, balance enquiry by using AEPS system.