Is AEPS Payment Right for Banking in India? A Detailed Review

Banking behavior in India has been changed after demonetization. Before 2016 when demonetization occurred, people were used to for cash transactions. During monetization people slightly moved to online banking through UPI, net banking etc. If we talk about AEPS payment, it played a vital role in banking to rural areas. Covid-19 was the key time when digital banking increased exponentially in India. So in this blog, I will explain to you an overview of AEPS payment and whether should you use AEPS service in banking or not?

So without wasting time, I come to the point. 

What is AEPS Payment?

AEPS payment is an online Aadhaar-based payment system that allows a bank customer to perform basic banking services using an Aadhaar card. It is also known as AEPS payment banking.

It is a fast, highly secure, and easy-to-use payment system for bank customers. Anyone whose Aadhaar card is linked to a primary bank account can use the AEPS payment system.

NPCI started the AEPS banking system to link unbanked areas in India. It was the initiative that helped in creating a cashless society in India. Today in 2022, India is one of the top countries that are using online banking.

Anyone can use banking through AEPS, by visiting nearby mini ATM/Pos, BC (business correspondent), or AEPS service provider. 

List of AEPS Payment Services

By using AEPS payment, a bank customer can perform all the following AEPS transactions.

• AEPS Cash Withdrawal
• Cash Deposit
• Balance Enquiry
• Mini Statement
• Aadhaar Pay
• Fund Transfer

Here is the list of all AEPS payment services that a bank customer can use through an Aadhaar card. There are no charges for using AEPS service from the NPCI side but an AEPS service provider agent can charge you for a service according to their terms. 

Benefits of AEPS Payment System

Basically, AEPS payment was started to link unbanked areas to banking so that they can get facilities for banking. Today not only in rural areas but also in semi-urban and urban areas people are using banking through AEPS.

Here are the key benefits of AEPS payment that are encouraging people to use banking through AEPS.

• Anyone can use banking through Aadhaar
• Doesn’t need to visit bank or ATM for banking
• Easy, fast, and secure banking method
• No time limit, you can use banking anytime, anywhere
• Any bank holder can use banking, no bank limit
• Bank customers can directly get government scheme facilities into account through Aadhaar authentication
• Helping the economy through financial inclusion across India
• Encouraging a cashless society in India

So these are a few benefits of AEPS payment service that are attracting people to use banking through AEPS. 

How Are AEPS Aadhaar Payment Generating Business Opportunities?  

Along with providing banking services, AEPS Aadhaar payment is helping people in employment. AEPS banking is a B2B business model. You can start the AEPS payment business on multiple levels which are the following.

1. Admin
2. Master Distributor
3. Distributor
4. Retailer 

These are all levels on which you can start an AEPS payment business and can make money accordingly.

To start the AEPS banking business at the Admin level, you need AEPSsoftware. While on other levels you need an AEPS ID that an admin provides you and you can work under him.

There are many AEPS service provider companies who offer AEPS software for admin. I would like to suggest you, make sure you are choosing the best AEPS service provider for your business.

Conclusion

So here we discussed AEPS payment, its benefits, and how it can help you as a bank customer or in employment. I hope this blog helped you to understand either AEPS payment is right for banking or not.

For more information related to AEPS, visit my blog where we share a lot of Information that can help you in daily life. Along with this, you will find more knowledge about recharge software, money transfer software, bill payment software etc. 

If you are planning to start your own AEPS business as an admin and looking for a free live demo then click here. 

Aadhaar Enabled Payment System- Important Facts You Must Know

aadhaar enabled payment sytsem

What is Aadhaar Enabled Payment System?

Aadhaar enabled payment system (AEPS) is a banking model that allows bank customers to use basic banking activities through Aadhaar card. This banking model started in 2016 by NPCI (National Payment Corporation of India) to brings all sectors of society into the banking framework. By using Aadhaar enabled payment system a bank customer whose Aadhaar card linked with a bank account can use basic banking transactions easily. In short, we can say, AEPS (Aadhaar enabled payment system) facilitates banking services through Aadhaar card. To use banking service through AEPS, a bank customer doesn’t need to remember bank details, he can perform all the transaction using Aadhaar card and fingerprint authentication.

Benefits of Aadhaar Enable Payment System

There are many benefits of AEPS service which make it the most trending service now a day. Here we will discuss all the benefits of Aadhaar enable payment system which is following-

• AEPS service facilitate all basic banking transaction service without going bank or ATM
• By using AEPS service a bank customer can use banking services using Aadhaar card
• No PIN or OTP required to use AEPS service
• It is fast, safe and Centralized payment method by NPCI
• Fingerprint needed for authentication which makes it secured
• Banking and non-banking transactions can be performed using AEPS
• You can use banking service and can withdraw money without using debit/credit card

Which is the Best Aadhaar Enable Payment System Provider in India?

Ezulix software is one of the best AEPS service provider company in India over the last few years. This is the reason today we have a wide range of potential customers. We have almost 350+ active portal and 1000000+ active members in India. Our experienced professional team developed an advanced AEPS portal which is based on the latest technology. Our new AEPS portal is fully customized and based on market needs. It helps you to achieve all the goals of your business. By using our AEPS portal, you can start your own AEPS business as admin and can create unlimited members all over India. Our AEPS portal is fast, safe, and integrated with secured AEPS API. By using our AEPS portal you can offer all bank cash withdrawal services to your members and can earn best commission in the market. Along with cash withdrawal, you can use all following services.

Keep Reading:  Ezulix Aadhaar Enabled Payment System 

Advanced Aadhaar Enabled Payment System [Updated for 2019-20]

Are you planning to start your own mini banking business and looking for the best AEPS service provider company then you are at the right place?

Here we will learn what is AEPS and which is the best AEPS service provider company in India and how can you start your own AEPS business with best software provider company.

What is AEPS?

AEPS stands for the Aadhaar enabled payment system. AEPS is a new type of payment system in which a bank customer can use all basic banking transactions by using Aadhaar card and fingerprint authentication. To perform all these transactions, his/her bank account linked with Aadhaar card.

So now If you Aadhaar card linked with a bank account, you can use all basic banking activities by using your Aadhaar card. To perform all these transactions, you don’t need to visit the bank or ATM, you can use these services by visiting your nearest service provider.

You can use all following services which offered by an AEPS service provider-

1. Cash Deposit
2. Cash Withdrawal
3. Fund Transfer
4. Balance Inquiry

You can use all the above services using Aadhaar card and fingerprint authentication.

What do I require to Start an AEPS Business?

Are you planning to start your own business at low investment then this can be a great business opportunity for you?

You can start your own AEPS business at your small retail shop or office and can make it a handsome source of Income.

To start AEPS business, you need an authorized AEPS software, which you can buy from any AEPS software service provider company. There are many AEPS service provider company in India which claim to be best.

But I would like to suggest you start your own business with the best AEPS service provider company. There are many benefits of starting your business with the best AEPS service provider company because you require your service provider every time. They provide you funds, they provide you support service, they offer you training if you have any issue so you must choose the best service provider if you want to run your business successfully.

Which Company Offers Best AEPS Software for Business?

As I told you there are many AEPS service provider company in India which claim to be best or maybe they are. But I want to suggest you choose the software which suitable your business surface and also offer a hustle-free support system.

I would like to suggest you, Ezulix Software, as the best AEPS software provider company in India. You can start your own AEPS business with Ezulix and can get the best commission with excellent service and unconditional support.

Keep Reading: Why Ezulix Aadhaar Payment System is Best for Your Business?

How to Boost AEPS Business Smartly Using Advanced Software?

Are you in the CSC service industry and offer b2b financial services like AEPS, money transfer, BBPS, mPOS and still waiting to boost your business then this is for you?

Here we will talk about the AEPS service. AEPS refers to Aadhaar enabled payment system, which is the type of payment system which allows bank customers to use basic financial activities, using Aadhaar card number. This is also known as micro ATM, in which you can use all basic financial activities, using your Aadhaar card and biometric verification. Here you don’t require a Credit/Debit card or any PIN. The main motto behind the Aadhaar enabled payment system is creating a cashless society in India. This is the simple secure and user-friendly system for the cash transaction.

Here we learn how you can boost your AEPS business by using right AEPS software selection.

What to Remember Before Buying AEPS Software for Your Business?

AEPS software allows you to offer AEPS services to your customers, but if you don’t choose the right software for your business, it can ruin everything. So whenever you plan to buy AEPS software, must remember these following points which will help you to run your business smoothly. 

• Before buying the AEPS software, you must research In the market that which company offers the best AEPS software and which software is suitable for your business
• If you choose the right service provider, it will help you to boost your business because you need your service provider help every day either it can be in the fund or technical support, so choose service provider wise, who offers you proper technical support
• The software must be fast, secure and user-friendly
• The software must be SEO-friendly so that you can boost your business sales using SEO
• The payment gateway must be smooth and fast
• It must support all the banks
• Server integrated with software must be fast and smooth
• Easy navigation
• It must consist of all the details of transactions
• It must consist all the report of performance monthly wise 

These are some points which you must consider before buying AEPS software for your business. There are many AEPS service provider company in India but I will suggest you choose best AEPS software Provider Company for your business.

Which Company Offers Best AEPS Software With Advanced Features?

Ezulix software is the best AEPS software service provider company in India over the last few years. This is the reason today we have a wide range of potential customers. We offer you advanced AEPS software with unique features which will help you to boost your business sales up to 3X times. You can start your own brand b2b financial service center with us and can earn a high commission in the market.  

Why Ezulix AEPS Software Helps to Boost Your Business?

• We offer you advanced AEPS software with the latest features
• Our advanced AEPS software is safe, secure and user-friendly
• It offers the fastest transaction service with high success ratio
• We offer you the highest commission in the market with best service and support
• We provide real-time settlement In bank and wallet
• Now your agents can approve e-KYC same day
• You can create unlimited agents all over India
• You can check all the agent's details at the same place
• By using the report section you can check all your performance weekly, monthly
• We offer you free mobile app integrated with AEPS software which help you boost your business sales

Which Services You Can Offer Using AEPS Software?

By using AEPS software you can offer all the following services to your customers and can earn a profit on each transaction. 

• Cash Withdrawal
• Cash Deposit
• Money Transfer
• Balance Enquiry 

What are the Benefits of Using AEPS?

There are many benefits of using AEPS which make it more useful between us nowadays. This is the best cashless transaction method at the present time. If you are in rural areas, it becomes more effective because at that place it is hard to reach ATM or banks.

• Encouraging cashless transaction
• You don’t need a credit/debit card
• You can perform banking activities using Aadhaar card
• You don’t require to remember Pin/Password
• It is safe, secure and user-friendly
• You don’t require to remember bank details
• You can withdrawal money from any bank 

Conclusion

So here we learn what is AEPS business, AEPS software, its features and benefits and which services you can use. You can boost your AEPS business by using Ezulix AEPS software which is fully advanced and have unique features.

So why are you waiting for?

Start your AEPS business with Ezulix AEPS software and boost your business growth up to 3X times. For more details about AEPS business and software, visit y blog or directly contact our executives for a free LIVE DEMO. 

Start Mini Banking Business at Your Shop & Save Up To 20% Today

AEPS Service

Do you want to start AEPS service at your small retails shop then this is a great opportunity for you?

Ezulix software offering up to 20% discount on Aadhaar enabled payment system. You can start your own business with Ezulix and can earn the highest commission in the market.

So keep tuning with me till the end. Here I will tell how you can start your own business at low investment and how you will get the advantage of this offer.

So without wasting time, I come to the point. First, we will learn what AEPS service is and how it works?

What is AEPS?

AEPS stands for Aadhaar enabled payment system which enabled us for the cashless transaction by using Aadhaar card and fingerprint authentication. This is the new age of the payment system. Now you can use basic banking activities by using Aadhaar enabled payment system. There are the following services you can use in AEPS service system.

AEPS Services

• Cash Deposit
• Cash Withdrawal
• Balance Inquiry
• Fund Transfer

You can offer all the above AEPS services to your customers and can earn the highest commission in the market.

How Can You Start AEPS Business with Ezulix

Ezulix software is one of the best Aadhaar enabled payment system provider company in India. To start a business with Ezulix, you have to contact us by mail or contact detail which you can get by visiting our official website. You can also post a query by visit contact us page and apply for a live demo.

Our executive offers you manual training of our portal so that you can understand the portal completely. Although we offer you stander software portal, you can add on multi services in portal.

Here we create a portal of your brand by integrating AEPS API. Now you can start your business at your small retail shop and can earn the highest commission in the market.

How AEPS Business Works?

After creating AEPS portal now you are ready to start your business. Now you can create AEPS agents all over India. They can register their ID into your portal to offer AEPS services. To provide AEPS service, first, they have to approve e-KYC from the admin. After approval, they are eligible to offer AEPS services to their customers.

Here you work as Admin, and you can create your downline as following.

• Master Distributor
• Distributor
• Retailer

Ezulix software offers the highest commission in the market. You and your team earn commission on each and every transaction. You have all the transaction details in your admin dashboard.

You have an e-wallet in your admin panel. We provide you balance to offer AEPS service and you further distribute the balance to your downline.

We offer you balance in real time in e-wallet. You can earn money by Id selling and commission. But I will suggest you, don’t focus on ID selling profit and concentrate on creating as big as team you can create. You can make more money with more transactions.

How to Get Benefit of Ezulix Summer Sale Offer

Ezulix software is offering up to 20% discount on AEPS services. You can start your own AEPS business with Ezulix and can get the benefit of Ezulix summer sale offer. To get the benefit of this offer you have to apply for LIVE DEMO till 30^th June. This offer is applicable for next month last. So don’t miss the opportunity.

Start your own business today and start creating the market. As early as you will start, you can create a bigger market. A bigger market means more money. So everything depends on you.

I am wrapping up this article here. I hope you like this article and interesting to grab this wonderful opportunity. Apply for LIVE DEMO today and Save 20% Now.

Learn How to Get Yes Bank AEPS API to Start AEPS Service

Are you an owner of a small retail shop and want to boost your earnings but don’t have an idea what to do then this article is only for you? Here I will tell you about the most trending business idea which you can start with a small investment and can earn the highest profit. Keep tuning with me till the end if you are really interested to enhance your income.

As we know today most of the transactions are cashless under digital India project. Before some time, the Indian government created our Aadhaar cards as the biggest identity of individuals and connected them to our individual bank accounts. In short now by using our aadhaar card, we can use basic banking activities without going bank or ATM, this service is known as AEPS service. AEPS stands for aadhaar enabled payment system, in which a person whose bank account connected to aadhaar card, can enjoy basic banking transactions without going bank or ATM.

You can start your own AEPS service at your small retail shop and can earn the highest commission on each and every AEPS service. But now the question is this, how you will start.

Don’t worry keep reading till the end to learn how can you start your own AEPS service at your shop and can earn a commission.

How to Start AEPS Service at Small Retail Shop

To start AEPS service at your small retail shop, you need an AEPS Software with Integrated AEPS API. There are many companies in India who can provide you AEPS software with integrated API of any bank. But I will suggest you; take this step very wisely, because this will decide your business future. You must choose best AEPS API service Provider Company in India. This will help you to offer the best service to your customers, in short, this will help in your business success.

If I talk about the commission on AEPS services, then Yes bank gives the highest commission on AEPS services. So this will be a great opportunity for you if you can get AEPS API of Yes bank.

Which Services You Can Offer Using AEPS Software

Here we will discuss the services which you can offer by using AEPS software. You can offer multiple services to your customers by using AEPS software which is following.

• Cash Deposit
• Cash Withdrawal
• Fund Transfer
• Balance Enquiry

You can offer all the above services to your customers and can earn a commission on each and every transaction.

How to Get Yes Bank AEPS API Service

To get Yes bank AEPS API, you required many documentation and legal formalities which are impossible for a person who runs his retail shop. Now the question is that how will you get this?

There are many companies who have collaboration with Yes bank. They can offer you AEPS software with integrated Yes bank AEPS API. So by this method, you can get Yes bank AEPS API and can run your own AEPS service business.

Ezulix software is one of the best AEPS software service provider company in India who provides AEPS software with Yes bank AEPS API integration. You can start your own business with Ezulix and can earn the highest commission with Yes bank AEPS services.

Why Choose Ezulix                                                                                        

Ezulix AEPS software is fully customized software which is based on the new latest technology. There are some following reasons which help you to start work with Ezulix AEPS Software.

• Fast & Secure System
• User-Friendly
• Easy to use for non–tech person
• Real-time settlement in e-wallet
• Log in & log out for security
• SMS alert for the transaction report
• Complete details of the transaction at the panel
• Full control on the down-line
• Higher success ratio
• Free API integration charge
• Multi-service Integration facility
• Free Mobile app for AEPS service

So these are some points which help you to understand this system.

Conclusion

So here we learn how you can start AEPS service at your small retail shop. Ezulix software offers you the best AEPS software in India. This is a brief study of Ezulix AEPS software. You can apply here for FREE DEMO. Here we will provide you free demo of our software so that you can understand it completely. Here, our executives clear all your doubts and queries. So why are you waiting for?

Start your own AEPS service with Ezulix Software and maximize your earnings today.

How to Get Best AEPS Service Provider Software in India

Time has changed, now everyone wants a cashless transaction. The Indian government is also encouraging the cashless economy through digital India projects. AEPS is the part of digital India project to create a cashless society. This creates a business opportunity for you. You can start your own AEPS service business at your small retail shop at low investment. But the question is how? In this article, I will describe to you how can start your own AEPS service business at low investment and what are important credentials to start this business.

So keep tuning with us till the end if you really dream to run your own business.

First, we will discuss the term AEPS.

What is AEPS?

AEPS stands for Aadhaar enabled payment system, a type of payment system which enables us for cashless transactions using Aadhaar card.

Before some time Indian government collects our all the identity details and convert it into a 12 digit number which is known as Aadhaar number. This number is a unique Identity number for each and every person. This card is known as Aadhaar card. Aadhaar card is the biggest identity in India nowadays.

Further, they connect our Aadhaar card number to our individual bank accounts. In result, now we can operate our bank accounts using our Aadhaar card. This is known as Aadhaar enabled payment system.

What is the Use of AEPS Service?

AEPS service enables us to use basic banking transactions like cash deposit, cash withdrawal, fund transfer, and balance inquiry. This is very beneficial in the rural area where people are enabled to visit ATM and Banks. By using AEPS service they can use banking activities using Aadhaar card and fingerprint impression. They can use all services by visiting their nearest AEPS service provider.

Which Services Can Operate Using Aadhaar Card (AEPS Service)

By using this Aadhaar card you can operate many basic banking activities which are known as AEPS services. There are following AEPS services you can use in AEPS.

• Cash Deposit using Aadhaar Card
• Cash Withdrawal
• Fund Transfer
• Balance Inquiry

So by using AEPS, you can use all the above services by using Aadhaar card.

How AEPS Works?

How AEPS Work

In the last topic, we learn, which services we can use in Aadhaar enabled payment system. Here we learn how this process works. Suppose you want to withdraw 2000/- rupees from your account then how this will work.

• First of all, to use AEPS Services customer’s account number should be linked with Aadhaar card
• Visit your nearest verified service provider
• You have to provide your Aadhaar card number which linked to your account number.
• He asks you for which activity you want to perform
• Although here you want to withdrawal 2000/- rupees
• He process for this activity and you have to verify your transaction through fingerprint impression
• A biometric machine is connected to AEPS software
• AEPS software sends these details to NPCI and they check your verification details, your account details, and balance inquiry
• If everything is right, then they approve your request and 2000/- transfer from your account to AEPS service provider account
• After completing the process, He gives you 2000/- rupees cash
• He also provides you a receipt for your transaction as proof

So this is the complete process of AEPS which is performed in this. Now we have learned about AEPS, services, benefits and working process. Now we are moving towards the second part of this article which is very important for you.

Here I will tell you how you can start your own AEPS service and how you can earn from this. Also, learn which company offers the best AEPS software to offer AEPS service. So now you can’t miss a single line. Keep attention here if you want to start your business.

How Can You Start Mini Banking (AEPS Service) Business?

If you want to start your own business first you have to complete some basic steps which are following-

• Firm registration
• Issue GST number
• Issue TIN number
• Register Domain Name
• Web Hosting Service

First, you have to these legal formalities before to start any business. Ok, now come to the main point. To offer AEPS service you required AEPS software. There are many AEPS software service provider companies in India. You can start your own business which any company but I will suggest taking this step very wisely. You must start your business with the best AEPS software service Provider Company. This will lead your business to success.

Learn More: This company offers the highest commission in AEPS services