After the demonetization and digital India project, Indian government is emphasizing on digital payment. To achieve this milestone, the government started many banking modules, AEPS is one of them.
AEPS full form is Aadhaar enabled payment system. It is a bank-led module that allows all bank customers to use basic banking services. To use this system, customer's primary bank account must be linked with Aadhaar card.
To use banking services, customers just have to carry aadhaar card and fingerprint authentication. AEPS is playing vital role in financial inclusion in India over all sections of society.
This is the reason today…
Mini ATM as the name suggests is the micro version of ATMs that offer traditional banking services. As similar as ATMs, micro ATMs also offer all basic banking services like cash withdrawal, balance enquiry, and mini statement. Today thousands of merchant points are using a mini ATM machine to get payment and offer banking services.
Here in this article, we will discuss how mini ATMs is helping in financial inclusion and what are the benefits and features of these mATMs.
We are living in a technology era but still, there is a big portion of the population in India that…
Nowadays making payment online is as easy as clicking a button. What about those who are not aware of online payment? Aadhar payment acts as a savior for such people.
Still, there are more than 70% backward areas that are unknown to online payment modes. People in rural areas are also not aware of debit and credit cards.
To eliminate this problem, AEPS is playing a vital role. Anyone can perform basic bank transactions by using an Aadhar card linked to the respective bank account.
Ever heard about AEPS?
Let us elaborate the term below.
Aadhar Enable Payment System (AEPS)…
An Aadhar card is a 12 digit unique identity figure issued by the UIDAI –Unique Identification Authority of Indian residents. It is provided for free to every Indian resident after meeting certain identification conditions structured the Indian Authority. Every individual of India can enroll to have his or her Aadhar card regardless of age, gender or education. At the time of the enrollment process, the individual has to give his or her demographic and biometric information without paying any charge for the same. Aadhar Enrollment can be done only once and is valid for the whole lifetime. …
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Today AEPS is the well known and aggressively used service in India for financial activities. AEPS service is started in 2016 by NPCI (National Payment Corporation of India) to avail banking and financial services to all sections of society.
AEPS stands for the Aadhaar enabled payment system. NPCI allows all banks and financial institutes to…
Today AEPS is a well known digital India payment (AEPS) solution for online cashless transactions. Digital India payment AEPS allows all banks and financial institutions to operate banking and financial services using Aadhaar card. All bank customers can use basic banking services through AEPS using Aadhaar card and fingerprint authentication.
Digital India payment AEPS service is started by NPCI(National payment corporation of India ) in 2016. The main purpose of the AEPS service is to penetrate all banking and financial facilities to all sectors of society. AEPS service is helping people to use banking services without visiting banks or ATM.
AEPS full form is Aadhaar enabled payment system. There are many levels on which people work for AEPS. Today here we will talk about AEPS settlement. So if you are working as an admin in the CSC industry and looking for an instant AEPS settlement provider company then this article is for you.
To understand the logic of the AEPS settlement, we have to go through the AEPS process. Basically AEPS service is used to withdraw cash. Whenever any customer does AEPS service for cash withdrawal, amount transfer from customers account’s to merchants account or we can say AEPS wallet…
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