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
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
This is the era of startups, and financial technology or fintech makes up a massive portion of these up-and-coming businesses. It is no secret that we’re moving towards a largely cashless society, and thanks to fintech startup like Aadhaar Enabled Payment System (AePS) even India’s rural regions are catching up at a swift pace. Hence, … Read more