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Aeps service provider

Aadhaar Enabled Payment System was created to enable bank customers to use Aadhaar to identify themselves and access their Aadhaar-enabled bank accounts. The AEPS allows bank account holders to perform basic banking transactions such as cash deposit, cash withdrawal and balance enquiry. They can also obtain a mini-statement.

To use AEPS transactions, you will need to seed your bank account using your Aadhaar number. AEPS permits bank-to-bank transactions at PoS (MicroATM).

Uses

You can do the following with AEPS:

• Check your account balance
• Transfer of Aadhar-to-Aadhar funds
• Cash withdrawal
• Cash deposit
• AEPS Benefits: Shop at fair prices

Benefits

Aadhaar Enabled payment System allows you to withdraw money from your bank account. It has the following benefits:

• The bank correspondent can perform financial and non-financial transactions on behalf of the account holder.
• Any bank's banking correspondent can perform the requested transaction.
• The signature and debit card are not required.
• Because no one can steal your fingerprint, it is secure.
• With the micro-POS, banking correspondents can reach remote rural areas.

AEPS Transaction Key Steps

• You can walk into the micro-ATMs or to the bank correspondent.
• Please provide your bank name, Aadhaar number and bank account information.
• Select the transaction that you want to complete and click on the button.
• You will receive a slip of paper after a successful transaction.
• The fingerprint must be provided to the scanner

AEPS Full Form is an Aadhaar compatible payment system that allows any bank customer to access basic banking services with the Aadhaar card as well as finger print authentication.

NPCI began AEPS service to expand banking services in the rural and semi-urban regions in which ATMs and banks aren't available.

It's a cost-effective, highly accessible bank system that is accessible in India in the present, which is providing services for banking across India. In terms of the future, data from the National Payment Corporation India indicates how the amount of money spent made through AEPS has almost tripled up to 21978.51 billion in 2021, up, up from 11286.61 million in the month of January of last year.

The most appealing thing is that you there is no need for a college qualifications or technical expertise to begin this type of business. Anyone who has a small shop, office and laptop or mobile with an internet connectivity can launch this business and earn substantial income.

To begin your business, you'll need an AEPS portal, through which you will be able to offer the services of a bank to your members as well as earn commissions.

There are many AEPS portal development companies in India however, I'd recommend you select the best AePS service provider in India.

Which is the Best AEPS Portal Development Company with High Commission?

Cyrus Technoedge is a leading  AEPS service provider firm in India in the past couple of years. They have a massive group of professionals that are skilled in constructing the top AEPS portals for mini-banking business.

Along with top-quality software, they provide the best AEPS service that comes with high commissions. When it comes to after-sales services, Cyrus Technoedge is most known fintech business in India that offers the highest level of service for support. This is why they have achieved great popularity and success in a short amount of time.

It is possible to offer the entire banking service through one b2b portal for AEPS. This allows you to provide AEPS money withdrawal and cash deposits balance inquiry, mini statement Aadhaar Pay UPI collection and micro ATM banking.

You can avail AEPS service across many banks with Cyrus AEPS software.

We are about to take a leap to the third and final subject in this article, where we will go over the various features available in AEPS software.

Eyecatching Features of AEPS Portal

• Fully customizable AEPS portal
• Based on the latest technology
• Member panel and Admin panel design is distinctive
• The Report section is crystal simple and easy to comprehend.
• Administrators can decide on commissions
• All members can be managed from the in the same location
• Commission on all AEPS service is comparatively high.
• Express payout is available 24 hours a day, 7 days a week. settlement
• Administrator has the right to change or remove a member at anytime
• Highly secure with no technical glitches
• Additional tools that can help boost the efficiency of your business transactions
• Mobile and Web-based system
• Advanced features are added, such as Khatabook, Groffers to support the business of retailers
• Administrators can connect multiple banks to the AEPS service by using the AEPS API
• A new UPI collection service allows commission
• New ticket system installed to help resolve customer issues daily
• Technical support is included for the duration of your membership.

These are a few of the tools that will help you to better understand the capabilities and scope of AEPS portal.