Aadhaar Payment: Backbone of Banking in Rural Areas
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.
All About Aadhaar Payment
Aadhar Enable Payment System (AEPS) is an integrated payment system introduced by NPCI (National Payment Corporation of India).
The main purpose of introducing AEPS in India is to provide easy and fast banking especially in rural areas, where banks and ATMs are not easily available.
If a customer wants to make a payment, then he/she just needs to enter his/her Aadhar number in Micro ATM, scan his/her finger on the biometric scanner attached to Micro ATM. Select the Bank from which payment is to be made.
Upon entering the Aadhar number, the system will automatically fetch the bank account linked with the customer’s Aadhar number.
Bank transactions can be performed just by entering the Aadhar card number and biometric fingerprint authentication.
The amount automatically gets deducted from the bank account after successful fingerprint authentication.
Services Offered
Customer can have access to cash withdrawal, cash deposit, money transfer, balance enquiry, and mini statement of your bank account.
A receipt is printed for each transaction. Just like debit and credit cards. Aadhar number is printed on the receipt for ensuring safe and secure payment.
Aadhar Payment helps you to turn your shop into a mini ATM. It provides you the ability to deliver services to your customers.
Also, there are lower transaction charges with the instant account to account transfer in India.
There is no transaction failure through the AEPS portal. Aadhar payment ensures that customers get best success rate for every transaction.
Success of AEPS
The average daily transactions through AEPS are increasing day by day in rural areas. After the lockdown due to the Covid crisis, AEPS helped a lot of people to perform bank transactions through aadhar payment app.
Earn Commission for every cash deposit, cash withdrawal or balance enquiry that your customer does at your shop. More transactions are more commission for you.
People are successfully adopting AEPS in rural areas. They are no more standing in long queues outside banks. There is no need to even visiting banks and ATMs for basic bank transactions.
Conclusion
AEPS is as reliable as banks themselves are. It is a safe and secure portal. Customer’s money and data are kept safe with AEPS.
Ezulix is taking the initiative to offer digital payment solutions in rural areas through AEPS. People find it helpful in backward areas where they are still unaware of online payment modes.