How to Start Your Own Business Through AEPS and BBPS System Software

Aadhaar Enabled Payment System

Ezulix software is one of the best software development companies in India. You can get a wide range of IT solution services like AEPS, BBPS and many more from here.

It is an online B2B platform for services like tour & travels, flight booking, prepaid mobile recharge, DTH services, Data card recharge, electricity bill, water bill etc. It provides AEPS API for cashless transaction service which works as mini banking.

How AEPS Helps To Setup Mini Banking Service

AEPS stands for aadhaar enabled payment system which is a cashless money transaction system using aadhaar authentication.

But do you know how it helps in the cashless transaction and how can you setup mini banking service at your small retail shop and center?

Without waste the time, I come to the point.

Before some year’s Indian government collect all the data of individuals and in return, they gave us a 12 digit unique identity number which is known as Aadhaar number. Later this aadhaar number is connected to our individual bank accounts or we can say our bank accounts directly connected to our aadhaar card.

Aadhaar enabled payment system is the payment system which helps bank customers to use basic banking transaction or financial services. In this system you can transfer, deposit and withdrawal the money without any pan card or ATM card. It only requires your aadhaar number and your fingerprint.

You can set up your own mini banking service at your shop or center. To start AEPS service at your small retail shop, you need a smartphone where you setup AEPS software and a biometric machine for scan customers fingerprint. Ezulix software is the best AEPS software development company which provides best AEPS Services with Aadhaar enabled payment system API.

So by this method, you can start your own mini banking business and get commissions on each and every transaction by your customers.

Benefits of AEPS Software

AEPS software transactions and admin of software can distribute AEPS transaction amount for their register agents in real time in e-wallet and (T+1) in the bank account because Ezulix Software provides bank settlement in real time in e-wallet and (T+1) in the bank account to the software admin.  Here agents also get the commission by the customer’s transactions.

So we can say this is the best business opportunity which is growing very fast nowadays. All the transactions being online or we can say cashless through this AEPS software. We are the best AEPS Software provider company in India which provides funds in real time in e-wallet.

allow cash withdrawal or balance inquiry service for the bank customers and admin of software will earn commission on each cash withdrawal.

What is BBPS

BBPS stands for bharat bill payment system. This is the system which is approved by National Payments Corporation of India (NPCI) which helps to pay all types of bill like electricity bill, gas recharge, telecom, DTH recharge and water bills from anytime and from anywhere?

BBPS system accepts all kinds of bill across the India from different payments mode. Service suppliers can get the payment instantly and get transfer too. Agents as well as customers can check the details of confirmation on mail or BBPS system.

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Aadhaar Enabled Payment System | AEPS Software For Mini Banking

Aadhaar Enable Payment System

Best Aadhaar Enable Payment System For Business| Aadhaar Payment System

AEPS Stands for aadhaar enable payment system, a new launch technique under digital India project which makes easy cashless transaction. Before study that what is AEPS software and how it works, we learn about what is Aadhaar?

What is Aadhaar | What is Aadhaar Number

The unique identification authority of India (UIDAI) a central government agency of India collected all the data of people who live in India and then stored in a centralized database it means we can say our all data is stored like a very huge pen drive.

Against this data, the government provides us a 12 digit unique identity number for every person it works like the green card in the US. This 12 digits unique identity number is known as Aadhaar number and this issued card is known as Aadhaar card which is the biggest identity at this time in India. All your document are connected to aadhaar card means if you have aadhaar card, you are not required any other documents.

How Aadhaar Helps in Cashless Transaction

The main Moto of digital India project is to make all the business transactions cashless which helps to stop black money storage. For this great project, the Indian government first stored all the data and issued Aadhaar card and then connected it to the bank accounts of individuals.

Now Indian citizens can make all the transaction cashless without using credit or debit card, no smartphone required, and no need to learn any password or pin code.

Yes, this is true

Indian central government launched an app “Aadhaar Pay” which required Aadhaar number and biometrics to make payments. The main aim of aadhaar payment app is to increase digital transactions among merchants in the country.

How AEPS Works

Aadhaar enabled payment system is the payment system which helps bank customers to using basic financial services by using aadhaar identification number. AEPS service is the new age of cashless banking service which is approved by Reserve Bank of India (RBI) which makes easy cashless transaction by using Aadhaar number authentication.

But do you know how AEPS works?

Now we will learn point vise how AEPS works-

Step1- First of all merchants needs to download an application on the Android smartphone which is connected to the biometric scan machine.

Step2- After downloads the app, now merchants would be registered on the app and connected it with the individual bank accounts where they want to receive payments from customers.

Step3- If customer want to make a payment, he just needs to type his aadhaar number in the app

Step4- Linked bank name will open, now the customer will select from linked banks and merchant will enter an amount.

Step5- Now app required a biometric scan of the customer, here biometric works as password if the biometric scan is right, your transaction takes place into merchants account.

Get Your AEPS Amount in Your Bank or E-Wallet

Learn More: Get Aadhaar Enabled Payment System with Integrated API

What is AEPS | How Aadhaar Enabled Payment System Help To Grow Business

Role of Aadhaar Enabled Payment System for Banking Transactions

Aadhaar Enabled Payment System is a payment service empowering a bank customer to use basic financial services (cash deposit, balance inquiry, cash withdrawal, and remittance) through Aadhaar Number Authentication. AEPS, a new age banking service has been approved by the Reserve Bank of India (RBI). The AEPS allows transactions using biometric authentication to identify aadhaar number which is the link with a corresponding bank account and enables a person to carry out the financial transaction on a micro-ATM provided by a banking correspondent. It is a unique and innovative system that allows trader/merchant to collect a payment, operate as mini ATM for cash withdrawal, deposits, fund transfer and balance inquiry using Aadhaar Enabled Payment System.

Now we learn what AEPS service you can offer to your customers by using AEPS Software. 

Advantage of AEPS Service

1. The AEPS is empowering a bank customer to use AADHAAR number to access his/her bank account and perform basic banking transactions that are intra-bank or interbank in nature through a business correspondent.
2. Aadhaar enabled Payment system is secure and easy to use the platform to avail benefits by using Aadhaar number & finger prints.
3. Aadhaar enabled Payment system is based on the Aadhaar number or biometric information of an individual, it eliminates the threat of any fraud and non-genuine activity.
4. Aadhaar enabled payment system (aeps) allows online interoperable financial inclusion transaction at pos (micro atm) through the business correspondent of any bank using the aadhaar authentication.

Learn More: Addhaar Enable Payment System 

Get Start AEPS Service to Your Business Partners With Help of Aadhaar Enabled Payment Software

AEPS called as aadhaar enabled payment system, it is the bank-led model allows cashless financial banking transaction based on aaddhaar and fingerprint verification. Our company provides a mini-banking transaction service through AEPS software and API. Now we are offering AEPS service with yes bank and providing best commission margin on cash withdrawal, fund transfer, and cash deposit. Using our AEPS software, you can start mini banking financial services on your business domain to your business partners.

  

We provide AEPS service in b2b modules, so you can add any count of Agents in all over India within your business panel, and enable AEPS service. It is the user-friendly and secure panel for AEPS services. So each your agents or partners can do financial banking transaction for their customers on own shops like cash withdrawal, cash deposit, balance inquiry, and fund transfer and each transaction will get the commission. 

We provide complete report section for AEPS transaction in admin panel and member panel. It helps to calculate daily accounting for AEPS transaction amount, commission and profit. And all your agents can withdraw AEPS wallet balance to E-wallet (Member wallet), and Bank instantly. Our AEPS software is fully functional and secure will help to make your business successful and generate you maximum revenue to your business.

We are a software development company providing software solution for client business with active services like mobile recharge and bill payment, money transfer, BBPS, Pancard (NSDL/UTI), Aadhaar enabled payment system, and travel booking services (bus and flight booking). If you are searching software and API solution for above services then we can provide you best solution for your business. Our company working in the recharge industry very long time and providing software and API services for mobile recharge, money transfer, pan card, AEPS and travel booking with industry best commission packages.

Start Top Five Services in B2B Recharge Portal to Get More Traffic

Multi Recharge Service –

In the recharge industry multi recharge is most demanding service. It is helpful for recharge owners or multi recharge companies, that providing recharge services to small business partners like distributor or retailer. So recharge owners can manage their business partners using multi mobile recharge software. It supports all Indian telecom operators, so need to manage separate mobile device for each operator service, you can control all major telecom operator as well utility bill operator in a single platform or single wallet to your business recharge portal. It also reduces your maintenance cost and will generate you additional revenue with multi recharge services. Using b2b recharge panel, you can join any count of small business partners with your recharge panel anywhere from India. Each your registered members can access multi recharge, utility bill pays services to your business member panel or related mobile application. So they can do all recharge or bill payment using a single mobile application or accessing web panel for their walk-in customers. If you want to manage multi recharge or utility bill in a separate wallet, you can do with our dual wallet recharge system. 

Domestic Money Transfer Service-

It is also used by distributor or retailer on own shop, customer demand money transfer service so you can start money transfer service in your business recharge panel, after that your business partners can do easy money transfer in any bank account using IMPS mode to customer beneficially bank account instantly.  In our money transfer system, all your business partner need to register as remitter by following steps and require a unique mobile number for remitter registration. KYC Verified remitter can send money Rs. 75000/ in a month or not verified can send Rs. 25000/ in the month. In our money transfer software bundle transfer facility is ON, so remitter can transfer bulk amount to customer beneficially bank account instantly with a single click.

Pan Card Service –

Using pan card application software, you can make an agent to your business panel, and each pan agents can make pan card for their customers. Before that pan agent need to register as an outlet by submitting KYC detail like pan card or addhaar number and after that outlet ID will assign to pan agents, and they can submit a Pancard application for their customer, and pan card will deliver within 3-7 days to a customer.

AEPS Service -

AEPS called as aadhaar enable payment system. It facilitates mini banking service to the customers like cash withdrawal, cash deposit, balance inquiry or fund transfer. So you can create any count of an agent with your business panel, and enable AEPS service. All verified AEPS agents can access AEPS panel to make a transaction to the customers on own shop using mobile device or web panel. For banking, transaction customer needs to verify their bank account through aadhaar verification or fingerprint verification.  Once customer bank account verified with fingerprint and aadhaar verification after they can do banking transaction with their link bank account. It is new and most demanding service now in the recharge industry. You can grow your business using AEPS service.

Bus Ticket Booking -

Using bus booking system, you can start all route bus ticket booking service to your business panel. All registered partners can use domestic bus booking service on own shop and book bus ticket for their walk-in customers. In our bus booking software search feature work quickly, so you can search any route bus instantly with fare detail and book bus ticket by submitting passenger detail and confirmation message deliver on customer number or email instantly. In our bus booking system, 5000+ bus operators available and you will earn maximum commission on each bus ticket booking.