Skip to main content

Posts

Showing posts from April, 2020

Everything You Need to Know About – AEPS

Aadhaar Enabled Payment Service or AEPS, is an Aadhaar based payment solution which allows AEPS Agents to provide basic banking services such as cash withdrawal, cash deposit, balance inquiry and obtaining a mini statement. It is an initiative by NPCI (National Payments Corporation of India) to support the Financial Inclusion Plan of unbanked India. It empowers bank users to complete financial transaction without any debit card/credit card or cheque book, using only their Aadhaar card (registered with your bank account) and biometric authentication.  How it works: Agent registers with Biznext for AEPS Digital Banking Service. The Biznext AEPS Agent then connects and installs a biometric authentication device to his Computer or Smart phone, as per ease and availability. Customer provides their Aadhaar number and their Bank Name to the person. Agent selects the transaction type: Cash withdrawal or Balance Inquiry. The customer then inputs their thumb print (sam...