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Aadhaar Enable Payment System (AEPS)

Are you starting an aadhaar enabled payment system?

Did you always want to own your own business? Then have you ever felt like starting a business with the least investment and earning the maximum ROI from the word go? If you have, then your dream is going to come alive through this very venture. Yes, I mean it fully. So, stick with me, I will give you tips on the same. AADHAAR Enabled Payment System provides basic financial services (cash deposit, balance enquiry, cash withdrawal and remittance) at low cost access devices (called MicroATMs) maintained at Business correspondents in an inter-operable way.

Benefits of Aadhaar Enable Payment System:

  • All Bank Cash Withdrawal.
  • All Bank Cash Deposit
  • All Bank Balance Enquiry
  • AADHAAR to AADHAAR Funds Transfer.
  • Gateway Authentication Service
  • The objective of AADHAAR Enabled Payment System (AEPS) is to empower a bank customer to use AADHAAR to access his/her AADHAAR – enabled bank account and perform basic banking transactions that are intra-bank or interbank in nature through a business correspondent
  • It serves another important goal of RBI in electrification of retail payments. It would enable banks to route the AADHAAR -initiated interbank transactions through a central switching and clearing agency.

Get an aadhaar payment app to boost Aadhaar Enabled Payment System:

  • Well to start off, you need an aadhaar payment app, since it is the absolute necessary to keep advancing in this very industry. So, you must get this aadhaar payment app. But owning an aadhaar app without certain features wouldn’t be a good idea; since it would harm your cause more anything else.
  • Photo Identity Proof (PAN Card copy)
  • Address Proof (Aadhaar Card copy )
  • Bank Details (Bank Chaque/Bank Statement) .

Aadhaar Enabled Payment System Stationary

AEPS Agency Stationary, Following are the details of Statioanry:

  • Finger Print Device, Eye Scanner Startek, Mantra, Morpho Kit
  • Desk Top or Laptop
  • Printer
  • Internet Connection
  • AEPS User Details.
  • AEPS Approved Certificate.

Before starting this AEPS :

  • You should have a computer or laptop
  • You should have a printer and Scanner
  • You should have an internet connection.