AEPS Transaction

AEPS full form is aadhaar enabled payment system. This is a banking model that allows bank customers to use basic banking service through unique identity number. In short, If you have an account in bank and your bank account is linked with aadhaar card then you can do banking transactions without going bank or ATM. You can perform basic banking activities by visiting nearby BC (business correspondent). Business correspondents are small banking points assigned by banks or NBFC to provide AEPS service.

In this artcile, we will discuss about AEPS transaction.

What is AEPS Transaction?

All banking transactions that can be performed through AEPS is known as AEPS transactions. By using AEPS, a bank customer can perform all following banking transactions-

• AEPS cash withdrawal
• AEPS cash deposit
• Balance Enquiry
• Mini Statement
• Aadhaar Pay

These are all 5 banking transactions you can perform through AEPS.

To perform AEPS transactions, bank customer need following details-

• Bank Name
• Aadhaar Card Number
• Finger Print Authentication

If you have all the details, you can perform AEPS transactions hustlefree through AEPS.

There is no need to remember PIN or OTP to perform AEPS banking. Along with this, no need to stand in bank queue or ATM.

Smart Banking Transactions using AEPS Banking

AEPS banking is helping people to get banking service at doorstep. People are using and connecting with banking through smart digital platform AEPS. Now people moving towards cashless society in India and also contributing in economy.

Few years ago, a big part of our society was far away from banking zone. People was unaware about banking, banking benefits as well as government benefits that is provided through banking platform. Along with this, this big group was not contributing in financial economy.

To resolve this problem, NPCI (National Payment Corporation of India) started AEPS service. Now people connecting with banking in rural and semi-urban areas and contributing in Indian economy.

People in villages, all those who are away from home to work are using banking smartly through AEPS. Now they can deposit, withdraw or transfer money anytime using Aadhaar card (Binggest Identity Proof in India).

How to Start AEPS Banking as Business?

First of all any one can start AEPS banking business. To start AEPS banking, you don’t need to be highly qualified or any technical knowledge. You can start this business just by small traning that is provided through your service provider.

Now lets come to the point.

To start mini banking (AEPS banking), first thing that you need is AEPS portal.

There are many companies who provide you AEPS portal for mini banking business. But I would suggets you to choose best AEPS portal.

In my suggest, Ezulix Software is best AEPS service provider company in India. So you can directly contact them and can take Free Live Demo of portal so that you can understand it. After completing demo, they provide you complete manual traning of portal so that you can learn each and every function of software that will help you further to run your business smoothly and successfully.

Apply for a Free Live Demo

USP of Ezulix AEPS Portal

• AEPS portal is fully customizable and based on innovative technology
• AEPS commission is higher compare to other companies
• Support system is excellent (Lifetime Free Tech Support)
• Complaints are resolved through Ticket System
• AEPS service provided by multiple banks
• Most secured AEPS portal in India
• Modern design layout make it more attractive
• You can create unlimited members (no fees)
• No hideen charges applied
• Aadhaar pay and payout help you to boost AEPS transaction
• Xpress payout allows you to take aeps settlement 24*7
• No downtime

These are few points that can help you to make a good decision.

Conclusion

So here we learned what is AEPS transactions, and how you can start AEPS banking in India. You can start AEPS business with Ezulix and can make it a handsome source of Income.

If you have any query or doubt regarding this, please comment us or you can directly contact Ezulix Software.

Website: https://ezulix.com/

Phone: +91-7230086664