In India, AEPS service providers help people carry out banking transactions using their Aadhaar card and biometric data. These providers are usually banks or fintech companies authorized by the National Payments Corporation of India (NPCI) to offer AEPS services. They provide services like cash withdrawals, balance checks, and fund transfers at POS terminals, which are … 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
The Aadhaar-enabled Payment System (AePS) has revolutionized digital transactions in India by allowing individuals to access essential financial services using their Aadhaar card. To make a payment, users must have their Aadhaar-linked bank account and the required credentials to complete the transaction. This system is designed to be user-friendly, functioning similarly to conventional credit or … Read more
With the digitalization of finances all over the country, undoubtedly rural areas have fallen behind in terms of availing of the excellent new improvements in fintech. Bank Mitra CSP and AEPS services are two important steps taken towards the inclusion of rural India in the frontier of these new developments. Let’s find out how you … Read more
Cashless transactions are slowly becoming the backbone of everyday financial interactions. Spurred by the country-wide demonetization and encouraged by the pandemic, its influence can hardly be ignored. At the forefront of these rapid changes in the banking system is the AEPS service. Utilizing the Adhaar Card lying snug in the pockets of individuals, for transactions, … Read more