To start an Aadhaar Enabled Payment System (AEPS) business, you’ll first need to sign up with an AEPS service provider. After that, you’ll be required to complete your KYC (Know Your Customer) process for identity verification. Once your account is verified and approved, you can activate your AEPS service and start offering basic banking services … Read more
AEPS (Aadhaar Enabled Payment System) is a payment service that enables bank customers to carry out financial transactions using their Aadhaar number and biometric verification, such as a fingerprint or iris scan. This service is bank-driven and allows transactions to be made at Point of Sale (PoS) terminals or Micro ATMs through Business Correspondents of … Read more
With the rapid evolution of financial technology, digital banking has transformed the way people access and manage their money. One of the most groundbreaking innovations in this space is the Aadhaar Enabled Payment System (AEPS). AEPS enables seamless financial transactions using Aadhaar authentication, making banking services more accessible, secure, and efficient. As the global economy … Read more
The Aadhaar Enabled Payment System (AePS) is a highly secure digital payment framework designed to enhance financial inclusion and provide banking access to individuals from different socio-economic backgrounds. AePS allows Aadhaar cardholders to carry out both financial and non-financial transactions seamlessly by leveraging their unique Aadhaar number along with biometric authentication. Additionally, AePS simplifies banking … Read more
India has become one of the most doting countries when it comes to digital transactions. Before the year 2010, most of the population relied on physical wallets and cash transactions. But the scenario has completely shifted in today’s time, where more and more people are moving towards the digitization of money. AEPS services in India … Read more