Start Mini banking Business | Aadhaar Enabled Payment System Software

What is Aadhaar Enabled Payment System (AEPS) & Cashless India?

AEPS stands for aadhaar enabled payment system. Aadhaar enabled payment system is the type of payment system which is based on digital India concept. You can use this service by using aadhaar card number and biometric authentication. Aadhaar enabled payment system and cashless India are similar concepts.

After demonetization, Indian government emphasis on digital India or cashless India concepts to stop black money problem. By keeping this in mind, Indian government starts many services. Aadhaar enabled payment system is one of them. This service is basically started for those ruler area people, who don’t use smartphones and credit or debit cards. By using this service they can perform banking activities, by using aadhaar card number and biometric authentication.

How Aadhaar Enabled Payment System Works?

As we know aadhaar enabled payment system is the type of payment system which is done by using aadhaar card number and biometric authentication. Here we learn how aeps works?

• To use this service first you have to go to your nearest mini banking service provider or bank correspondent
• You provide you aadhaar card number to BC
• After providing a unique Identity card number, you have to select any one action you want to perform
• After this you have to provide your thumb impress by using the biometric machine, this thumb impression works as a password or pin here
• All submitted details forward to NPCI (National Payment Corporation of India) and after successful cross check, an action is performed
• At last, you got the slip of your transaction
• So this is the basic process of aeps which is done by aeps software

So by using this above method you can use aadhaar enabled payment system service and enjoy this.

Features and Benefits of Aadhaar Enabled Payment System

Aadhaar enabled payment system is the most popular service of cashless India concept. If I talk about cities most of the person is using cashless transactions earlier but this aeps service enables ruler area person, to do the cashless transaction.

Features of Aadhaar Enabled Payment System

There are many features which make these service more important which are following –

• This service is safe & secure
• Easy to Use
• Rapid and Loyal
• Login & Log Out System
• Individual registration system
• 3D code verification
• OTP system integration
• Secure payment gateway by Stander Integration API
• Human verification by using Captcha in aeps app

Benefits of Aadhaar Enabled Payment System

There are a lot of benefits of aadhaar enabled payment system, some are following-

• It promotes cashless transaction (Cashless India) concept
• You can use banking actions without going bank or ATM
• You can use cashless money without using ATM or bank
• You can withdrawal money, from anywhere, anytime
• You can perform banking action after closing banks
• It provides safe, secure and quick transaction
• You can perform banking actions without using ATM and credit or debit card

So these are some benefits of aadhaar enabled payment system which help us to use this service.

What is Mini Banking Business?

Mini baking business is a type of business or a shop which offers you aeps service. In the article we talked about BC (Bank Correspondent), this is the person who offers us aeps service, it works as a mini bank for us.

But one question is striking in your mind that how can you start your own mini banking business and what its benefits?

So keep tuning with me, here I will tell you how can you start your own mini banking business.

How Start Mini Banking Business

To start mini banking business you have to take the authority to offer this service from any aeps service provider company. You can start this business at many levels on the basis of your investment which I describe further.

If I talk about the lowest level you just required a smartphone and a biometric machine which is connected to aeps software.

By offering this service to your customer’s, you can earn a commission on each transaction.

Which is The Best AEPS Service Provider Company 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 huge portfolio of potential customers. You can start your own business with ezulix at following levels.

• Admin
• Master- Distributor
• Distributor
• Retailer

You can start your own business at any level according to your investment capability.

We offer you stander AEPS software where you work as Admin. Here you create your master distributor, distributor, and retailers. Our aeps software is fully customized and based on latest technology. Our experienced technical team recently launched new aeps software which based on clients requirement.

Along with aeps software, we offer you manual training process so that you can understand the panel completely and can use it at an optimum level.

How to Earn More Commission or More Money

We offer you stander panel, by using this panel you can add on unlimited services to your panel and can earn the highest commission in the market on all the service. This will also help you to cover the maximum market. There are the following services which you can use in ezulix software panel.

• Mobile Recharge Software
• Money Transfer Software
• Pan Card Service
• Bharat Bill Payment System
• mPOS Machine & Software
• Prepaid card
• Bus, Flight and Hotel Booking Software
• School Management System

You can add on all these services to your panel and can earn a commission on all the services.

Conclusion

Here I am wrapping up this article finally, here we learn everything about aadhaar enabled payment system, aeps service, aeps software, cashless India and mini banking business. Ezulix software offers best aeps software so you can start your own mini banking business at your small shop and can earn lots of money.

Why AEPS Service is Different to UPI Transaction

AEPS Service

What is AePS Service and UPI

Before starting the topic what is the difference between AEPS service and UPI, we have to know about AEPS and UPI. AEPS stands for Aadhaar Enabled Payment System while UPI stands for Unified Payment Interface. Both are the digital payment services which are an initiative by NPCI (National Payment Corporation of India) to make Cashless society under digital India project.

Here we discuss about both the topics like what they are and what are their benefits in daily life and how can you use them. First we start with UPI transaction.

Keep tuning with us for interesting facts about UPI transaction.

What is UPI Transaction and its Benefit

As we learn above UPI stands for Unified Payment Interface which is the digital payment service initiative by NPCI to make India digitally strong.

Before starting UPI Transaction I want to know, ever have you hear about UPI?

Any where?

I would try to remember you, Have you use Pay Tm?

Perhaps you remembered this function now; yes I am talking about the same function,

UPI transaction.

The main goal behind initiative this service is to compete with mobile first digital payment platforms like e-wallets with bank backed network. UPI is the instant payment system which is totally based on IMPS infrastructure. It is basically used for instant money transfer from one bank account to another at the same time.

Now we learn what the benefits of UPI transaction is and how can you use it in your daily life.

Benefits of UPI

• UPI is the cheapest way of money transfer
• It Makes you Free from Cash
• There is no need to give bank account details
• Cheapest alternative of POS machine
• It is safe and secure to use
• Instant money transfer facility

So basically these are some benefits of UPI transaction which enables you to use in daily life. You can use this service in PayTM wallet by direct money transfer without any further details at same time.

What is AEPS Service and Its Benefits

Aadhaar enabled payment system is type of payment system which enables us for cashless transaction with using credit or debit card. AEPS service also initiate by NPCI (National Payment Corporation of India) which main aim is to develop cashless economy in India under digital India project.

AEPS service facilitate basic banking transactional activities like cash deposit, cash withdrawal, fund transfer and balance inquiry by using aadhaar card number and finger print authentication. You can use these facilities anywhere if your bank account connected to your aadhaar card.

AEPS service makes you enable for cashless transaction without using any debit or credit card. You have no need to remember any pin or code. You just need to give 12 digit aadhaar card numbers to merchant and finger print authentication to perform basic banking transactions.

Benefits of AEPS

Here we learn about benefits of AEPS which you can use in daily life.

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

So this is very beneficial service which helps you in daily life for cashless transactions. Sometimes if you are not able to go bank or ATM, this service enables you to perform basic banking transactions.

These are the benefits which you can use in your daily life; apart as a user you can use can this service as a business man.

Yes, it’s true

If you are a businessman and you have a business this service can help you out to perform banking transaction directly with clients without any cash transaction which is definitely safe and secure and you no need to appoint a person for this work.

AEPS Service for Mini Banking Business

If you are looking for new business startup, here I have a great Idea for new business plan. Yes I am talking about mini banking business or we can say AEPS service. If you are really planning for new business mini banking service is the best option on present scenario.

To start this business you have to purchase AEPS software from any AEPS service provider company and you have to connect your bank account with this. You can start this service at your shop or center. Any customer perform any AEPS transaction, you will earn the commission on it. So I can say this is the best alternative for business with less investment.

I would suggest you to purchase AEPS Software from the best AEPS service provider company in India which gives highest commission on aeps transactions which makes you earn more.

Conclusion

Here I am wrapping up this article, here we discuss two most famous digital payment services, what they are actually, how can we use it and how they can be used in daily life. Here also we discuss about how can we start own business by using AEPS software.

I hope this article may help you to understand AEPS and UPI. If you feel this article consist use information, share it with your friends and family to get benefits of these services.

Benefits of Using AEPS Service as a Service Provider

AEPS Service

Aadhaar Enabled Payment System Service

Aadhaar enabled payment system (AEPS) is type of payment system which allow user for transaction and payment services like cash deposit and cash withdrawal. This service is developed by National Payment Corporation of India (NPCI) in January 2016. The main aim of this service is to provide cashless transaction facilities especially for those who enable to go bank or ATM-like in the village any other places where bank or ATM is far away. Making cashless India was the dream of PM Modi government behind this service.

Now I come to point…

Here you can avail AEPS Service from the Ezulix with the help of our system; you can perform basic transactional activities like deposit and withdrawal by your aadhaar card number and fingerprint impression.

Benefits of Using AEPS Services as a Service Provider-

• You can provide mini banking service at your shop
• You can provide facilities for customer
• You can attract customers by single solution facility at one place
• You can earn commission on each and every AEPS transactions
• Offer complete banking solution to your customers

Benefits of Using AEPS Service as a Customer-

• You don’t need to go Bank or ATM
• No need to remember any code or password
• AEPS service is easy and simple to use
• You can perform basic financial activities after banks closed
• You only need aadhaar card number and finger print for transactions
• You can use this service at any nearby retailers shop
• AEPS service is safe and secure to use

Ezulix is one of the fastest growing financial services platforms in India which provides the single stop solutions like AEPS service, mobile recharge service, money transfer service, mobile recharge API provider with best commission, ticket booking, hotel booking and bill pay service etc. to their customers. You can contact to your nearest retails to get all services at one place.

And you can also contact us if you want to join us as Retailers, Distributors and master distributors.

Conclusion-

So these are the basic benefits of AEPS service for the service provider as well as customers. Ezulix provides best aadhaar enabled payment system software in India. If you want to start your own business at your shop you can contact us for the best and effective single stop solution and can increase your income.

Do you want to learn more about AEPS service and how can you start your own AEPS service at a small retail shop and which company offers the best AEPS software with Integrated API visit my blog now. 

AePS: Aadhaar Enabled Payment System | Cashless Society

Aadhaar Enabled Payment System (AePS)

How to Use Aadhaar Enabled Payment System (AEPS): –

•  Go to micro ATM or any bank correspondent (BC) or any shop or centre which have this facility.
•  You have to provide your aadhaar Identity number and bank name .
•  After detailed unique identity number, choose which action you want to perform.
•  Provide verification code as finger print impression through biometric scan machine which is connected to AEPS App or AEPS software.
•  If your finger print approved, your action will be performed .
•  Collect your receipt for your performed action.

So basically these are few simple steps which are done for any basic financial action. This is simple, user friendly and secure action which makes this system more reliable. 
But do you know how really this system works, surely this question is hitting in your mind. Don’t be worry, I am here to solve your query, Keep reading.

How Aadhaar Enabled Payment System (AEPS) Works?

Whenever any customer go to micro ATM or any Business correspondent (BC) or any shop or centre which have this facility through AEPS software for any type of transaction. He/she provide unique identity number and bank name for initial action and finger print impression for authentication to the BC. Here BC shares these details with NPCI (National Payments Corporation of India) which check the ID and UIDAI (Unique Identification Authority of India) to confirm the customer identity. It also check funds of connected account and perform the action. So this is the root process of Aadhaar Enabled Payment System (AEPS).

Which Services Provided in Aadhaar Enabled Payment System (AEPS)?

Basically, Aadhaar Enabled payment System (AEPS) enables us many basic financial transaction services which are following-

•  Cash Deposit
•  Cash Withdrawal
•  Fund Transfer
•  Balance Enquiry
•  Payment Transaction (b2b, b2c)

These are all actions which you can perform through this Aadhaar enabled payment system (AEPS) service.

Feature and Benefits of Aadhaar Enabled Payment System (AEPS)

Now we know what this AEPS service is, how can we use it and how it is works. Here we learn the main feature and benefits of aadhaar enabled payment system (AEPS) which makes it so reliable.

•  First of all this is the very simple to use
•  This is the safe and secure process
•  Its login and logout is the best as security features
•  Every account has unique identity which makes it reliable
•  Interoperable across various banks
•  You only required unique aadhaar card number and biometric identification to perform action
•  3D code verification and OTP system integration
•  Secure payment gateway by integrating API

So basically these are the top security features and benefits of Aadhaar enabled payment system (AEPS) which makes it safe, secure and user friendly and simple to use.

Keep Reading: Aadhaar Enabled Payment System