AEPS helps shopkeepers, retailers, and business correspondents to deliver a seamless, secure, and inclusive way of banking and financial transactions to their customers. AEPS service through IMwalleT allow you to provide several financial services - cash withdrawal, balance enquiry, and Mini Statement. An initiative of the National Payments Corporation of India (NPCI), Aadhaar Enabled Payment System (AePS) is used for cash withdrawal wherein a customer can perform banking transactions using Aadhaar as his/her identity.
What is AePS?
For speedy financial inclusion in India, Reserve Bank of India (RBI), Unique Identification Authority of India (UIDAI), and National Payment Corporation of India (NPCI), have collectively launched Aadhaar Enabled Payment System (AePS). This is a secure and convenient payment mechanism that leverages Aadhaar number and biometric authentication to access various banking services, including cash withdrawals, balance inquiries, mini statements, and more.
As an AePS service provider, you'll be able to contribute to the government’s initiatives to promote digital payments. You'll be able to offer banking services through Aadhaar authentication to your customers.
Banking Services Offered with IMwalleT AePS
AEPS services to enable digital payments at your shop
Aadhaar-Enabled Payment Systems (AePS) go beyond simply offering convenient banking services to your clients; it will help you to enhance your customer base. As a provider of AePS services, retailers and businesses grant their customers access to features like hassle-free cash withdrawals, and various payment options for seamless transactions. These services, accessible at every local convenience store and retailer, provide customers with the added advantage of accessing financial services at nearby locations. Moreover, retailers and store proprietors can earn substantial commissions on each transaction, making it a mutually beneficial opportunity for all parties involved.
Why Choose AePS with IMwalleT:
We are committed to simplifying your financial life. Our AePS services are designed to make your transactions effortless and secure. Here's why you should choose us:
best aeps companies, best margin aeps service, aeps service, what is aeps, aeps for retailer