The rise of AEPS service in India is changing the way people access banking. With the power of Aadhaar, now anyone can do cash withdrawal, balance check, money transfer, and mini statement without visiting a bank branch. This simple and secure system is bringing digital banking services even to remote villages where traditional banks are … Read more
To start an AEPS (Aadhaar Enabled Payment System) business, you need to register as an AEPS agent with a service provider, obtain necessary equipment like a biometric scanner, and ensure you have a reliable internet connection and a smartphone or computer. You’ll also need to complete KYC (Know Your Customer) verification and potentially register your … Read more
AEPS full form (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 … 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