AEPS (Aadhar Enabled Payment System)
AEPS (Aadhaar Enabled Payment System) is a pioneering initiative introduced by the Indian government to promote digital transactions and financial inclusion. With the advent of the Digital India Portal, AEPS services have become more accessible and user-friendly, revolutionizing the way people conduct financial transactions in the country.
The Digital India Portal is an integrated platform that provides a wide range of services to citizens, including AEPS. AEPS leverages the unique identification number, Aadhaar, to enable individuals to perform banking transactions securely and conveniently using their Aadhaar-linked bank accounts.
One of the key advantages of AEPS is its inclusivity. It allows individuals, particularly those in rural and remote areas, to access banking services without the need for traditional banking infrastructure. With the Digital India Portal, this service is now readily available to citizens across the country, regardless of their location.
Using AEPS through the Digital India Portal, individuals can perform various financial transactions such as cash deposits, withdrawals, balance inquiries, fund transfers, and even Aadhaar-to-Aadhaar transactions. The process is simple and user-friendly, making it accessible to individuals with limited or no technological literacy.
Furthermore, AEPS ensures the security and authenticity of transactions by utilizing biometric authentication through fingerprint or iris scans linked to the individual’s Aadhaar number. This eliminates the need for physical documents and minimizes the risk of identity theft or fraud.
The Digital India Portal’s AEPS service has significantly contributed to the government’s vision of a cashless and inclusive society. It has empowered millions of Indians, especially those from marginalized communities, to participate in the formal financial system and avail themselves of various banking services conveniently.
Overall, the Digital India Portal’s AEPS service has revolutionized the way financial transactions are conducted in India. By leveraging Aadhaar-based authentication and providing a user-friendly platform, it has played a pivotal role in advancing financial inclusion and promoting a digital economy.
- You can provide mini banking service at your shop
- You can attract customers by single solution facility at one place
- Easy to use
- You can earn commission on each and every AEPS Transactions
- Instant Activation
- Offer complete banking solution to your customers
Requirements for AEPS Transactions:
- Bank Name
- Aadhaar Number
- Fingerprint captured during enrollment
- Balance Enquiry
- Cash Withdrawal
- Mini statement