AEPS Service – Outline of Aadhaar Enabled Payment System
AEPS Service - Behind The Curtain
The AEPS full form is an Aadhar-enabled payment system. AEPS service enables all bank consumers to utilize fundamental banking facilities by utilizing an Aadhar card. This is also called the Aadhar payment system which can be handled by a person whose Aadhar card is associated with a bank account
AEPS service was introduced in November 2010, but it got more attention after the Digital India program that was initiated by Indian prime minister Narendra Modi in July 2015.
The main purpose behind starting the AEPS service is to introduce banking facilities into rural areas where banks and ATMs were not easily obtainable.
Due to the absence of a banking structure, people were not aware of banking services together and they are not getting government facilities.
To solve this issue national payment corporation of India NPCI and the reserve bank of India introduced the AEPS service. By utilizing AEPS service, people get allowed to utilize banking services without visiting banks or ATMs.
Along with rural areas but in urban and semi-urban areas people are utilizing AEPS service for banking. If we discuss covid-19 crisis, in accordance with the report, daily needs stores observed 96% augmentation in AEPS transaction volume at the time of lockdown.
Together with aiding in banking, AEPS banking service is creating employment facilities in India in large numbers. Anyone can set up their own mini-banking business by utilizing AEPS software and can make a handsome income.
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Best AEPS Service Provider Company in India
There are so many AEPS service provider companies in India but Roundpay software is one of the best companies for the AEPS admin solution. We have a team of skilled and proficient members who are adept at making advanced payment solutions.
To produce an all-around banking solution, we have made an ultra-modern AEPS portal unified with multiple bank AEPS APIs.
By utilizing our AEPS portal, the admin can give AEPS service via multiple banks. So, Admin can provide Aadhar payment service and can earn a commission. If in any situation bank's server goes down, the admin can change it via the API switching facility. As a consequence, the Roundpay AEPS portal success ratio is 99.7%.
Our b2b admin portal is fully made-to-order, highly protected, and based on Avant-Grade technology. Uncomplicated navigation and specific design fascinate more members.
In case of any AEPS problem, you can fill your query via the ticket system and your problem will be fixed in 24-48 hours.
Together with this, you can add a limitless offline service to your panel and can drive more members.
Complete Aadhar Enabled Payment System (AEPS) Service Lists
By utilizing the Roundpay AEPS portal, you can give all AEPS services to your members and can elevate your income. By utilizing AEPS software, the admin can give all the following services:
AEPS Cash Withdrawal
The foremost and most utilized service is cash withdrawal. A consumer whose bank account is associated with an Aadhar card can withdraw money utilizing the AEPS service.
By utilizing 12 digital-specific identity numbers, a bank consumer can withdraw an amount from the bank account without visiting a bank or ATM. He/She can withdraw money from any bank account utilizing AEPS.
AEPS withdrawal limit in one day is 10,000 rupees. A consumer can withdraw it in a highest of 5 transactions.
In this withdrawal procedure, the amount is transferred from the consumer's bank account to the retailer's AEPS wallet and he/she gives cash to the consumer. In return, retailers obtain the commission.
Cash Deposit
By utilizing our AEPS portal, you can give a cash deposit service to your member and can obtain a commission. Earlier we utilized an Aadhar-based cash deposit system but in the latest AEPS admin panel, we are providing cash deposit service on OTP focused system.
AEPS Balance Enquiry
AEPS balance inquiry enables consumers to check their account balances. This service is totally free that can aid retailers to drive more consumers. We can also designate it as a value-based service.
Mini Statement
We all are very friendly with the word mini statement, you can also get it by utilizing your Aadhar card. A bank consumer can check the last banking transactions.
Not long ago, we modernized the AEPS commission for the mini statement service that you can check out by contacting our professional at this number: +91 8957955554 right away.
Aadhar Pay
However, we know by utilizing AEPS service, a bank consumer can withdraw 10,000 rupees in a day. But what if anyone needs more than 10k?
By utilizing the Aadhar pay service, a bank consumer can withdraw more than 10k rupees in a day.
We give Aadhar pay service at the minimum surcharge in the market.
AEPS Payout
Payout is the procedure of settlement from the AEPS wallet to the bank account. By utilizing Roundpay payout, members can obtain 24x7 actual time settlement in the bank account.
In AEPS payout, consumers can take settlement in one account and have to pay a small surcharge. Member can settle 2 lakh rupees in a day and have to pay 5 rupees surcharge in return.
Express Payout
By utilizing our express payout service, members can take settlements 24x7 from their AEPS wallet to their bank account. In the AEPS wallet, they can get a settlement in one account while in the express wallet, they can take settlements in numerous accounts.
In express payout, members can settle 50k in one click and have to give a 10 rupees surcharge. Members can also utilize this service for money transfers and can transfer money at a lower surcharge.
mATM with mPOS Service
We give you a modernized mATM machine unified with mPOS service. This signifies now your members can utilize mATM as well as mPOS in a solitary device.
The commission pattern is the same in mATM like AEPS. By utilizing mATM, retailers can obtain payments, withdraw payments, and balance inquiries via a debit card like traditional ATMs.
Together with this, now you can also utilize the mPOS feature in new mATM machines which can augment your profit.
UPI Collection (UPI POS)
By utilizing UPI collection or UPI PoS service, members can obtain payment via QR code and UPI address and can obtain a commission.
By utilizing the UPI collection service, you can accept the highest of 1000 rupees from one UPI address.
Wrap Up
So here, we acknowledged what is AEPS service and the best AEPS service provider in India. Together with this, we talked about which AEPS service you can give to your members by utilizing the Roundpay AEPS portal.
For more information about AEPS service Contact Us now or apply for a free demo.
Along with AEPS, you can add utility bill payment, mobile recharge software, money transfer, pan card, travel, and many more b2b services in your portal and can augment your profit.