The AEPS (Aadhaar Enabled Payment System) banking service aims to empower all sections of the society by making financial and banking services available to all through Aadhaar.
To watch full video click on the link below-
https://youtu.be/RRgkQ7lSdqM
NPCI, an initiative of the Reserve Bank of India (RBI) and Indian Banking Association (IBA) is an umbrella organization for operating retail payments and settlement systems in India.
It functions under provision of Payment and Settlement Systems Act, 2007.
It is a not-for-profit organization set up under the provisions of Section 25 of Companies Act, 1956 (amended as Sec 8 of Companies Act 2013).
Facilitates easy access to online payment services with variety of banking products and services.
Products offered by NPCI
IMPS (Immediate Payment Service) is an instant payment inter-bank electronic funds transfer system in India. Unlike NEFT and RTGS, the service is available 24*7 throughout the year.
NFS (National Financial Switch) is the largest network of shared ATMs in India facilitating convenience banking.
AePS (Aadhaar-enabled Payment Service) is a bank led model that allows financial transaction at PoS of any bank using the Aadhaar authentication through the retail merchant.
CTS (Cheque Truncation System) facilitates uses of digital signature or encryption methods to prevent manipulation of data during transition of cheque clearance.
UPI (Unique Payments Interface) is a system that makes multiple bank accounts to be accessed from a single mobile application using mobile no. or UPI id as unique transaction address.
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The AEPS (Aadhaar Enabled Payment System) banking service aims to empower all sections of the society by making financial and banking services available to all through Aadhaar.
To watch full video click on the link below-
https://youtu.be/RRgkQ7lSdqM
NPCI, an initiative of the Reserve Bank of India (RBI) and Indian Banking Association (IBA) is an umbrella organization for operating retail payments and settlement systems in India.
It functions under provision of Payment and Settlement Systems Act, 2007.
It is a not-for-profit organization set up under the provisions of Section 25 of Companies Act, 1956 (amended as Sec 8 of Companies Act 2013).
Facilitates easy access to online payment services with variety of banking products and services.
Products offered by NPCI
IMPS (Immediate Payment Service) is an instant payment inter-bank electronic funds transfer system in India. Unlike NEFT and RTGS, the service is available 24*7 throughout the year.
NFS (National Financial Switch) is the largest network of shared ATMs in India facilitating convenience banking.
AePS (Aadhaar-enabled Payment Service) is a bank led model that allows financial transaction at PoS of any bank using the Aadhaar authentication through the retail merchant.
CTS (Cheque Truncation System) facilitates uses of digital signature or encryption methods to prevent manipulation of data during transition of cheque clearance.
UPI (Unique Payments Interface) is a system that makes multiple bank accounts to be accessed from a single mobile application using mobile no. or UPI id as unique transaction address.
Thank you for Watching
Subscribe to DevTech Finance
Studied technology involved in E-Wallets and how it helps in payment process,market place model, revenue generation of Paytm,its marketing strategy,demonitisation and its after effects.
FidyPay is the Best AEPS/Micro ATM Service Provider-Banking as a ServiceFidyPay
ย
FidyPay is the most fabulous AEPS Solution Company. Aadhar Micro ATM is meant to be a device that's used by a million Business Correspondents( BC) to deliver introductory banking services. Micro ATM service is very useful in making quick transactions through credit/ Debit cards. With the device, the user can get advantages from introductory banking services like withdrawing and depositing cash. Easy to extend banking services anywhere in the remote area using Micro ATMs. Flexible account access permits citizens to access their accounts at their convenience. Visit us at - www.fidypay.com
Studied technology involved in E-Wallets and how it helps in payment process,market place model, revenue generation of Paytm,its marketing strategy,demonitisation and its after effects.
FidyPay is the Best AEPS/Micro ATM Service Provider-Banking as a ServiceFidyPay
ย
FidyPay is the most fabulous AEPS Solution Company. Aadhar Micro ATM is meant to be a device that's used by a million Business Correspondents( BC) to deliver introductory banking services. Micro ATM service is very useful in making quick transactions through credit/ Debit cards. With the device, the user can get advantages from introductory banking services like withdrawing and depositing cash. Easy to extend banking services anywhere in the remote area using Micro ATMs. Flexible account access permits citizens to access their accounts at their convenience. Visit us at - www.fidypay.com
Hey, are you planning to start AEPS business & want to learn about AEPS cash withdrawal, this presentation is for you? For more details call at 07230086664
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Did you know that ๐๐๐๐, or the ๐๐๐๐ก๐๐๐ซ ๐๐ง๐๐๐ฅ๐๐ ๐๐๐ฒ๐ฆ๐๐ง๐ญ ๐๐ฒ๐ฌ๐ญ๐๐ฆ, is transforming the way we bank in India? Here's your chance to dive into this incredible innovation!
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Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
2. AADHAAR Enabled Payment System is a payment service empowering
a bank customer to use basic financial services (cash deposit, balance
enquiry, cash withdrawal and remittance) through Aadhaar Number
Authentication. AEPS, a new age banking service has been approved by
the Reserve Bank of India (RBI).
The AEPS allows transactions using biometric authentication identify
Aadhaar number which is link with corresponding bank account and
enables a person to carry out financial transaction on a micro-ATM
provided by a banking correspondent. It is a unique and innovative
system that allows trader/merchant to collect payment, operate as mini
ATM for cash withdrawal, deposits, fund transfer and balance enquiry
using Aadhaar Enabled Payment System.
3. Key Steps for AEPS Transaction
GO TO THE
AEPS
AGENT
SUBMIT
AADHAAR
DETAILS
PROVIDE
FINGER
PRINT ON A
SCANNER
CHOOSE
WHICH
TRANSACTI
ON TO DO
ON
SUCCESSFUL
RANSACTION
TAKE THE
PRINT SLIPT
PROCESS
COMPLETED
4. Types of Transaction Support by AEPS
AEPS allows bank to bank
transaction at PoS
(MicroATM) with the help of
Banking Correspondent
Seed your account with your Aadhaar
number
Now do transactions without
remembering any PIN
5. AEPS Benefits
๏ Customers can perform financial and non-financial
transaction through the banking correspondent.
๏ A banking correspondent of any bank can do the
specified transaction of any bank.
๏ There is no need of signature or debit card.
๏ It is fast and secure. No one can forge your fingerprint.
๏ Banking correspondent can reach to the distant rural
place with the micro POS.
6. Start Banking Transaction Using AEPS Software:
Using AEPS software, you can start banking transaction solution to
your customers. The AEPS software allow 4 types of transaction for
customers like cash deposit, cash withdrawal, balance inquiry, and
fund transfer in secure way. With help of AEPS software, you can
create any count of AEPS agents anywhere in India, and enable
AEPS service.
And each AEPS agents can do financial bank transaction for their
walk in customers, and each transaction will earn commission. The
commission automatically distributed by the AEPS system for each
AEPS agent, which is decided by AEPS software admin.
So itโs a good way to accelerate your business performance with this
new and innovative banking solution. For AEPS transaction
aadhaar number must be linked with customer bank account.
7. Get In Touch With Us
Ezulix Software Pvt. Ltd.
Address: 54 Padmavati Colony ,
Kings Road, Nirman Nagar
Jaipur, 302019 (Raj.)
Website: https://ezulix.com
Email: ezulixsoftware@gmail.com
Phone: 0141 โ 2393323
We always ready to help you