Aadhaar Enabled Payment System (AEPS)
Aadhaar Enabled Payment System (AePS) is a National Payments Corporation of India-supported payment method. AePS is a payment system assisting banks and financial institutions in providing a one-stop solution for every banking need of a person who is underbanked, unbanked or belongs to a migrant population in India. AePS service is provided by Business Correspondents (Agents/ Service Providers) appointed by financial institutions who act as a mediator between banks, financial institutions and customers.
The services provided by App Pay with regard to online banking are many. But one of the most popular is the provided Govt. AePS Portal. The government-backed App Pay AePS Portal is a unique platform that allows you to help your customers to withdraw cash from their bank accounts using their Aadhaar.
Features of AePS
- Aadhaar Linked
- Safe and Secure
- Instant and Quick
- Verified and Reliable
What Services Do AePS Offer?
AePS is an Aadhaar payment system in which Aadhaar, which is linked to people’s banks is used for various banking services like-
- Cash Withdrawal
- Cash Deposit
- Balance Enquiry
- Mini Statement
What are the Benefits of Becoming AePS Service Provider of App Pay?
App Pay enables you to become an AePS service provider in your area. After getting associated with App Pay, you will get a complete AePS registration online, and then you can turn your shop into a banking point to provide banking services to the people of your locality.
Being a App Pay’s AePS service provider, you will get-
- An AePS Portal to check the transactions made by you.
- Attractive commissions on every AePS transaction you will make.
- Easy settlement of your funds and commissions.
- Biometric devices at the most affordable charges from App Pay.