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. 

Looking Skilled AEPS Software Developer in Your Budget

 

Are you looking for an AEPS software developer who can develop AEPS software in your budget?

If YES, then you are at right place my friend.

Here I’ll help you to find out India’s most skilled and experienced AEPS software developers. At the same time, we will take care of your budget and product quality too.

So without wasting time, I come to the point.

Best AEPS Software Developer in India?

Ezulix software is a leading AEPS service provider company in India since 2015. They have a huge team of skilled and experienced professionals who are experts in developing on-demand software solutions?

Our dedicated professional team allows all possibilities to make AEPS software more accessible and secure with high speed.

We use innovative technology with the latest versions so that we can develop an awesome output. Our main motto is to create a fully advanced, automated, quick and highly secured AEPS portal with all services and features.

To achieve this goal, our research team monthly works on market research, NPCI guidelines as well as user-experience with their expectations. This process helps us to make our AEPS portal better anyways.

Why You Should Choose AEPS Software?

Choosing best AEPS software developer for your business is really a hard task.

Right selection of AEPS service provider can change your business success ratio. To keep this is mind, I am here to help you.

Yes, Here I will explain you all points that will help you why you should choose Ezulix as your AEPS service provider.

• Our AEPS software panel is fully customizable and based on latest technology
• We provide you b2b admin portal, not a white label software
• All collaboration with banks are direct, no third party involve
• We fulfil all guidelines of NPCI
• We provide you AEPS service through multiple banks 
• By using our panel, you can offer all banking services
• Our express payout allows 24*7 real-time settlement facility
• You can use payout service for fund transfer at low investment
• AEPS wallet is highly secured with security parameters
• We have secured our panel with eKYC
• Admin can create unlimited members
• Admin can control all downline
• We are an authorized AEPS service provider from NPCI
• You can offer all banking services using our software
• Our micro ATM service allows easy, fast and safe transactions
• We have used fewer-code to make it faster
• Our panel is user-friendly, easy to navigation
• You check all transactions detail at the same place
• Regular updates on software & mobile app to make it better & secure
• We provide lifetime free technical support

So these are a few points that can help you to choose us as best AEPS service provider.

I help this article will help you to make the right decision.

Conclusion

So here we learned that If you are planning to start your own AEPS business then how this article can help you to find the best AEPS software provider.

For more details about AEPS software, AEPS business, AEPS services and it features, visit my blog or you can also apply for a free live demo now.

Along with AEPS software, you can provide your service to your members by integrating mobile recharge software in your panel. 

Get Customized b2b Portal for AEPS, Recharge & DMT Service

 

Are you planning to start your own b2b business and looking for best b2b portal provider company then this is for you?

Here I will tell you how can you start your own b2b business by using b2b portal and can offer multiple services.

So without wasting time, I come to the point.

What is B2B Portal?

B2B portal is a software solution that facilitates an online platform for business. This is like traditional business methods that perform online on the internet. By using b2b portal, a number of businesses can interact, deal, and perform payments.

There are many companies who offer b2b software solution for b2b businesses.

Here I will tell you about best b2b portal, through which you can start your own b2b business and can provide multiple services to other businesses. 

Best B2b Portal for AEPS, Recharge & DMT Service

So you are looking for a b2b portal through which you can provide AEPS, recharge, and DMT service then you are at right place.

Ezulix software is a leading software development company in India. Our skilled and experienced professional’s team developed an automatic and fully customized b2b software solution for b2b business.

By using this advanced b2b portal, you can offer multiple online services to other businesses and can earn the profit.

Today here we will discuss which service you can offer by using Ezulix b2b portal.

AEPS Software

AEPS stands for Aadhaar enabled payment system which allows all bank customers to perform all basic banking services using Aadhaar card authentication.

To perform AEPS service, a bank customer’s bank account must be linked with an individual aadhaar card. A merchant can provide mini bank service by installing the AEPS app and adding-on AEPS machine (biometric machine) for fingerprint authentication.

Merchant earns a commission on each & every transaction from bank or up-line. Admin gets commission from the company that they distribute further in your down-line.

By using AEPS portal, the merchant can offer Aadhar card cash withdrawal, mini statement, and balance inquiry using Aadhaar card.

Merchants can start AEPS service, by performing AEPS registration through e-KYC process.

By using Ezulix AEPS software, admin can offer AEPS service through three banks that are following.

• Yes Bank AEPS 

• ICICI Bank AEPS

• Fino Bank AEPS 

In case if any bank is down, admin can switch AEPS service from another bank. This helps you to offer AEPS service non-stop for your members.

If we talk about a commission, we are the best AEPS commission provider company in India.

Mobile Transfer Software

Mobile recharge software is an online recharge platform which allows you to offer all online recharge facility for all operators.

We are well known mobile recharge software Provider Company in India over the last few years. By using our advanced recharge software, admin can offer prepaid, postpaid, and landline recharge facility of all the operators.

Along with this, by using our recharge software, you can offer DTH recharge, data card recharge, and all online Bharat bill payment facility to your members. This is the reason, our recharge software is known as multi recharge software.

We have used a secured mobile recharge API for recharge business through which you can offer a safe & secure recharge facility. 

Money Transfer Software

Money transfer software is a real-time application that allows money transfer facility to any banks which allows NEFT/IMPS mode of transaction.

By using our advanced money transfer software, you can transfer money at the lowest surcharge. We have developed this advanced system to transfer money in a single stop, It is based on latest technology and provides safe and secure money transfer facility.

So by using Ezulix b2b portal, you can offer all the services to your members and cab boost your customer base by offering multiple services and can maximize your commission. 

How to Start B2B Own Brand B2b Business as Admin?

You can start your own b2b business with our advanced b2bportal as admin and can offer multiple services.

As an admin, you can create unlimited members as master distributor, distributor, and retailer in your down line.

You have complete control at your down line, transaction report, and services. You can ON/OFF services of any member by using a single button. We facilitate your manual training so that you can understand portal and can use it at an optimum level.

We provide you, b2b portal, website, and mobile application integrated with your portal which helps you to enhance your business visibility online.

Support plays a vital role in service industry. We have appointed support team, to resolve all your complaints, technical issues in time. It is free for life-time to offer you better support.

As technology is growing, safety is considered as key factor. We have integrated a video-KYC feature in our portal to make it more safe and secure. Every member has to go through this which makes sure their identity as genuine user. It will save all their KYC details as their identity proof.

Conclusion

So here we learned how you can start your own brand b2b business with the best b2b portal provider company.

We discussed how you can offer multiple services and can earn high commission by using Ezulix b2b portal.

So why are you waiting for?

Start your own b2b business with Ezulix advanced b2b portal and make it a handsome source of Income.

For more details visit my blog or apply for a free live demo. 

How AEPS Plays Vital Role in Our Daily Life Transactions

AEPS service is playing a vital role in banking today. It is widely known as Aadhaar based payment system. This is an advanced version of payment that uses Aadhaar card number as bank account identity and fingerprint for your authentication or PIN. Before digging dipper into the nitty-gritty of AEPS, we need to understand the necessity of it.

There was a very big part of the population that unbanked or away to use banking facilities. Most of the rural areas were doesn’t have any bank or ATM to use banking services. They were away to get the advantage of banking and government schemes. To eliminate this problem, the government found a solution as AEPS. AEPS is helping to bring all the unbanked sections of society together in the same banking framework.

Installing banks and ATM’s was very difficult and also expensive for government and banks to all those areas. AEPS solved all the problems as a minimum cost with the best potential.

How AEPS Helps You in Daily Life (Especially in Rural Areas)

Before some time, especially in rural areas where most of the people don’t have smartphones were unable to use banking services. They had to visit cities to use banking services which were really panic. AEPS is helping people to use all banking facilities at their door. Now anyone can transfer money through AEPS, cash withdrawal, balance enquiry of account, and also can check mini statement by using Aadhaar card.

To use all the services, you just have to visit your nearby BC (business correspondent) or bank Mitra of any bank or company. You just have to provide your name, aadhaar card number, bank name, and mobile number to perform any of the above services. AEPS has changed all banking systems due to its safe and comfortable framework. Now people who are unable to use cards or illiterate can use all banking services by using their aadhaar card and fingerprint authentication.

Along with this, all the beneficiaries for government service get all the advantages directly into the account. Now they don’t need to visit offices to get the facility. This is another benefit of AEPS which is changing all the systems in favour of Indian citizens.

What are the Key Benefits of Using AEPS Service?

• First of all, it is very easy to use and fast transaction process
• It is a fully secured transaction & controlled by NPCI
• There is no need to use PIN or OTP
• No paperwork required for the transaction
• Authentication through finger-print that make it advanced
• Use Aadhaar card as bank account Identity which is identical

Keep Reading: AEPS in Banking 

 

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 

Fast, Safe & Secured Cash Withdrawal Service with Ezulix AEPS

Are you planning to start your own cash withdrawal service and looking for an opportunity then this article is for you? We have launched our super-advanced AEPS portal with all the latest services. By using this now you can start your own cash withdrawal service and can make it a handsome source of income. Ezulix software is one of the best AEPS service provider company in India over the last few years. Recently our skilled and experienced professional team developed advanced AEPS software with add-on latest services. This AEPS software helps you easy exposure to your business. So keep tuning me till the end if you really want to start your cash withdrawal business and want to earn millions through this.

Start Cash Withdrawal Service with Secured AEPS Software

Our advanced AEPS software is a fully customized and secured system which helps you to offers secure AEPS transaction guaranty. By using Ezulix AEPS software, you can offer all bank cash withdrawal service to your members. This is a one-stop solution for all bank cash withdrawal service. We have used critical coding process to make this portal easy to use for everyone. This is fully user-friendly and customized software portal. This is the reason today thousands of our clients who are not technically sound, is using this portal and earning well. Although this is a fully customized panel, you can change as per your choice which is not available in white label and any other type of portals.

Offer All Latest Services Using Ezulix Advanced AEPS Software

AEPS stands for aadhaar enabled payment system which allows all bank customers to use basic banking transactions. To use AEPS service, customer’s bank account linked with Aadhaar card number. NPCI (national payment corporation of India) started this service in 2016 to bring all the sector of the society at the same economical surface. So that everyone can use basic banking services. Banks provide this service to companies, and companies further offer this for all. Ezulix software is the best AEPS service provider company in India. By using our AEPS software, you can offer AEPS service through 3 banks. In short, we have integrated 3 banks AEPS API in our portal so that you can easily provide cash withdrawal service without any interruption. By using our portal you can offer AEPS services using-

• Yes Bank AEPS API
• ICICI Bank AEPS API
• Fino Bank AEPS API

In any case if any bank service is down, you can switch cash withdrawal service to another bank. This helps you to offer the best service and support for your customers.

By using our advanced AEPS software you can offer all the following services to your members.

• Cash Withdrawal

First and most important service is cash withdrawal which you can offer to your members and can earn a commission. As I told you, you can offer all bank cash withdrawal service using this. You can offer this service to your members using 3 banks AEPS API which is well known and secured AEPS service provider banks.

• Balance Enquiry

By using Ezulix AEPS software, you can offer balance enquiry service to your members. Through this, anyone checks their account balance enquiry using Aadhaar card.

• Mini Statement

Now you can offer mini statement service to your members using Ezulix AEPS software portal. This is the latest service which we recently integrated into our portal.

• Micro ATM

By using Ezulix micro ATM service, you can withdrawal money using a debit card which is new initialisation by NPCI. This will help you to increase AEPS transaction at the next level. This service also helpful for shopkeepers where they can receive payments using micro ATM and can earn commission too.

• Aadhaar Pay

This is the last but not the least. Today Aadhaar pay is the most trending service in the market. By using Aadhaar pay, now members are not bounded to withdrawal only 10,000 in a day. By using Aadhaar pay, now you can withdrawal any amount. This is the reason today this is the most trending service. By using our Ezulix AEPS portal, you can offer all the services to your members using a single portal.

So these are all the services which you can offer to your members by using Ezulix AEPS portal.

Keep Reading: How Start Cash Withdrawal Service with Ezulix

Best Portal for AEPS & Money Transfer that will make you rich

So today I am here with a wonderful topic that you loved the most. Yes, today I am going to talk about how to make money easily. Some time ago, I was listening to a motivational speaker and still, I remember a line in which he said that “you don’t need to be do something big to earn money, you can do it by performing small things in life.” In short, there is no rocket science behind it. If you choose an industry and start working continuously, you start to earn money.

So there are most of the people who want to start their own business but due to lack of Ideas and support, they couldn’t start.

Today here I am gonna tell you, how can you start your own business and how can you make it a handsome source of Income. So keep tuning me till the end if you really want to be a businessman and love to be rich.

So without wasting time, I come to the point. Here I am gonna talk about b2b business which can make you rich easily. So here we learn what is this and how can it help you to be rich.

What is b2b Business?

There are different formats of business where 2 entities communicate with each other. Today I am talking about b2b business. In this type of business, a business communicates with another business. In short, we can say, in this type a business holder deal with another business holder of the same or different industry. In this type, the business doesn’t directly contact to end customer.

What is b2b Portal?

B2B portal is an online software solution that provides an online surface workplace for businesses. B2B portal facilitates businesses to deals with another business. B2B portal is the biggest online market place which helps businesses to explore their importance and business online.

How Can You Start Your Own b2b Portal?

So If you are planning to start your own business then b2b business is the best option today on the basis of market need. You can start your own b2b portal and can make it a handsome source of income.

To start b2b business, you require a b2b portal. There are many b2b portal provider companies in India. I would like to suggest you choose best b2b portal provider company in India. At the time, you choose the b2b portal, you need to consider some important points which can help you to get success in your business.

· Choose best b2b portal in India

· You must complete research of an industry in which you want to start a business

· Portal must be user-friendly and compatible for your business Industry

· Service must be good

· Company must be registered and genuine (Don’t collaborate with any company due to less money)

Which is the Best B2B Portal Provider Company in India?

Ezulix software is one of the best b2b portal provider company in India. We provide you advanced and fully customized b2b portal that fulfills all your business needs. Our skilled and advanced professional team developed an advanced b2b portal that is fast, secure and user-friendly. You don’t need to be technical to start a business with Ezulix.

We provide you complete manual training of the portal so that you can understand it completely and can start the business successfully. Through this Ezulix advanced b2b portal, you can offer multi-service and can earn a lot but today here we will talk about AEPS and money transfer service which is well known and trending service.

What is AEPS?

AEPS stands for the Aadhaar enabled payment system. This is a cashless transition service that is started and driven by NPCI (National payment corporation of India). AEPS service allows all bank customers to use basic banking services like cash deposit, cash withdrawal, fund transfer, and balance inquiry by using their aadhaar card.

Ezulix software is the best AEPS service provider company in India. You can start your own AEPS business with us.

Get a complete overview of AEPS.

What is Money Transfer?

We all known money transfer is a banking activity which allows bank customers to transfer fund from one bank account to another bank account. This is the most trending banking service which is used in daily life. If we talk about from a person to big corporate use this service in daily life. It can be a great opportunity to start a business.

To start a money transfer business, you require money transfer software. Ezulix is the best money transfer software provider company in India.

Get a complete overview of Money Transfer.

So by using Ezulix b2b portal, you can offer all the above services to your members and can earn a commission. For more details about the b2b portal, b2b business and how can you start a business with Ezulix, visit my blog or directly contact our executives for a free LIVE DEMO.

Best AEPS Banking Service Provider Company

aeps banking service

What is AEPS Banking?

AEPS’s full form in banking is the Aadhaar enabled payment system. AEPS banking is the new age of banking transaction which allows online interoperable financial inclusion transaction through the business correspondence of any bank using Aadhaar authentication. ‘

In easy language, AEPS banking services is the best cashless transaction service now a day which allows all bank customers to use basic banking activities using Aadhaar card and fingerprint authentication. To use AEPS services, the customer’s Aadhaar card must be linked with an Individual bank account. If customers Aadhaar card does not link with a bank account, he/she cannot use AEPS banking services.

So here we learn, what AEPS banking is, but the point is what the objectives of AEPS banking are?

Why did this service start?

To understand this, we have to study about objectives of AEPS banking.

What are the Objectives of AEPS Banking?

There are many objectives of AEPS banking but here we discuss main objectives which make it more popular and favorable in the market.

• To empower banking customers to use Aadhaar card as Identity to access bank account to use basic banking activities
• AEPS banking provides the facility to use banking services in the rural area where banks are unable to reach
• It provides safe and secure banking transactions under NPCI
• It offers centralized banking transaction under the eyes of RBI and NPCI which leads eliminate storage of black money
• To fulfill the goal of the government of India (GOI) and National payment corporation of India (NPCI) in furthering financial inclusion
• Help in creating a cashless society in India

So these are the main objectives of AEPS banking which helped inborn it.

What are the Main Services of AEPS Banking?

By using AEPS software, you can use all below banking services by using Aadhaar card and biometric authentication.

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

You can use all these services using Aadhaar card and biometric authentication. Use all these services by visiting your nearest business correspondent or AEPS service provider. You can also start your own AEPS business and can be an AEPS service provider in your area.

Get complete knowledge here about AEPS.

Keep Reading: AEPS Banking Facts 

Advanced AEPS Service with Micro ATM and Payout System

Are you planning to start your own common service center and looking for the best AEPS Service Provider Company? You are the right place. Here I will tell you-

• What is AEPS?

• How can you start your own AEPS business?

• Which is the best AEPS service provider company in India?

• Which are AEPS service provider banks?

• How to register for AEPS Service?

• What are the main features of the Advanced AEPS portal?

So without wasting time, I come to the point. First, here we will discuss AEPS.

What is AEPS?

AEPS stands for Aadhaar enabled payment system. This is the new type of payment system in which a bank customer can use basic banking activities using Aadhaar card. In AEPS service a bank customer whose bank account linked with Aadhaar card can use all basic banking transactions.

The main reason behind the AEPS, is to bring all the unbanked sections of society into the banking framework. AEPS service is conceptualized & approved by the reserve bank of India (RBI) and launched under NPCI (National Payment Corporation of India). By AEPS service, now most of the rural areas where banks can’t reach, they are using banking services, which show the great success of this strategy. This project is running under the digital India project.

By using AEPS, you can use all following banking services using your aadhaar card and fingerprint authentication.

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

You can use all the above services using your aadhaar card. Now a day, AEPS is the most trending service, especially in rural areas. This creates a business opportunity for you.

How Can You Start Your Own AEPS Business?

If you are planning to start your own business then this can be a great opportunity for you. You can start your own AEPS business (mini banking business) at low investment and can make it a handsome source of Income. To start AEPS business, you will require AEPS software. By using AEPS software, you can offer all AEPS services.

There are many AEPS software provider companies in India. You can tie-up with any of these companies and can start your own AEPS business.

Which is the Best AEPS Service Provider Company in India?

There are many AEPS service providers in India which claim to be best. I would like to suggest you choose the best AEPS service provider for your business. This is very important, which you must take very wisely. Your AEPS service provider always helps you to run your business smoothly. This is the reason you must choose your AEPS service provider carefully.

I would like to suggest you, Ezulix Software, as best AEPS service Provider Company in India. You can start your own AEPS business with Ezulix AEPS service provider and can earn the highest commission. Our skilled and experienced professional team developed an advanced AEPS portal with unique features and services. You can use all the latest services with Ezulix AEPS portal and can earn the best commission.

Learn More: AEPS Service Provider Banks