July 13 2020
AEPS mean is aadhaar enabled payment system is a type of payment system which allows customers for basic and normal financial transaction activities like cash deposit, cash withdrawal, fund transfer, and account details. AEPS service is announced and approved by the RBI and National Payment Corporation of India (NPCI). The main motto behind the AEPS service was creating a cashless and digital economy in India. Customer can use these services by using their customers aadhaar card number and finger print impression and can perform all basic transactions.
The main objectives of aadhaar enabled payment system mobile app is to provide basic banking transaction service to customers. In the business manner this is also very beneficial; you can get the facility of all basic banking transactions in interbank and Intra-banks. AEPS app facilitates basic banking transactions by using the aadhaar number of clients and their fingerprint to perform an action. So we can say at present aeps app is the best facility for the business transaction without cash rotation.
Digital payment also is the part of aeps service. If we talk about digital payment I have to go on work process of aeps service. In the aeps service, process customers have to go on business correspondence (BC) for the banking actions. They required aadhaar number and fingerprint for the action. In this case, they enter their aadhaar card number in the aeps app by which their bank account is connected, then after approval, they have to use fingerprint as authentication or we can say as pin or code. Here Merchant sends all the details to NPCI and if all the details right and authenticated the transaction take place. So in this whole process, no physical cash transaction occurs. Everything is done digitally, that’s why it is also known as digital payment.
If you want to start mini banking service at your shop or center you need AEPS software or AEPS app from any registered and authenticated AEPS service provider company.
I think you are a little bit confused about best aeps service provider company, like which company is good or not?
Here I try to solve your problem
Yes, it’s true but Ebigshop is largest banking network for best AEPS service in India.
Definitely, you want a company or a service provider which is best, which services is excellent, which support system is outstanding and which is approved and authenticated.
If you have the same desire regarding your AEPS service Provider Company, I would like to suggest you a company which fulfills all these desires. I am talking about eBIGSHOP which is the best aeps service provider company in India. Over the last few years.
India's Largest Retailer Network
Best aeps service provider company in india
AEPS software allow cash withdrawal or balance inquiry service for the bank customers and admin of software will earn commission on each cash withdrawal transactions and admin of software can distribute AEPS transaction amount for their register agents in real time in e-wallet and (T+1) in bank account because Ebigshop india provides bank settlement in real time in e-wallet and (T+1) in bank account to the retailer. Here agents also get the commission by the customer’s transactions instantly.
So we can say this is the best business opportunity which is growing very fast nowadays. All the transactions being online or we can say cashless through this AEPS software. We are the best AEPS Software provider company in India which provides funds in real time in e-wallet.
Earlier agents had to register for AEPS service by submitting manually KYC and they have to wait for approval but now we have upgraded the system. Now agents can register for AEPS service through an e-KYC process. In this process now agents only have to verify his aadhar card by online method.
You can start your aeps service today with us. We are the best aeps service provider in India. I hope this article definitely help you to understand aeps business. Contact us today to get offers on mini banking service and earn the highest commission on each aeps transaction. Know more at ebigshop