Table of Contents
Which company is best for Aeps service?
Mahagram is one of the Best AEPS Service Provider Company in India with highest commission. Mahagram is the Best ICICI Bank AEPS Provider Company. You can start your own business with low investment with high commission.
Which portal is best for Aeps?
Payworld India is one of the best AEPS portals which enables the retailers to carry out their businesses through ATMs or Pos.
How do I get an AEPS service?
AEPS is a bank led model which allows online interoperable financial transaction at PoS (Point of Sale / Micro ATM) through the Business Correspondent (BC)/Bank Mitra of any bank using the Aadhaar authentication. How to get it: Provide KYC (Know Your Customer) information to open a new account.
Is Aeps safe?
The AePS is a valuable facility for those who are able to use it safely. A series of recent scams have exposed the vulnerabilities of the Aadhaar-enabled Payment System (AePS). The AePS enables a person to withdraw money from her bank account anywhere in the country using a local “business correspondent” (BC).
What is Paytm AePS?
AePS or Aadhaar enabled payment system is a payment mechanism through which an Aadhaar cardholder can perform banking transactions. To complete the transaction, the Aadhaar card holder is required to submit his/her biometric information at PoS or micro ATMs.
What is aadhar pay in Payworld?
Aadhaar Pay is a payment interface for Payworld retailers to accept payment from customers digitally. The service allows Payworld Retailers to receive digital payments using only the Aadhaar number and fingerprint of the customer.
When was AePS launched in India?
NOVEMBER 2010. AePS is a bank led model which allows online interoperable financial inclusion transaction at PoS (MicroATM) through the Business correspondent of any bank using the Aadhaar authentication.
What does E mean in AePS?
Aadhaar Enabled Payment System (AEPS) is a type of payment system that is based on the Unique Identification Number and allows Aadhaar card holders to seamlessly make financial transactions through Aadhaar-based authentication.
How many times we can withdraw money from AEPS?
Important points to remember in AePS: 10,000/- Monthly limit for withdrawal: Rs. 50,0000/- or 10 transactions.
How do I enable Aeps in my bank account?
How to use AEPS?
- Step 1: Go to a micro ATM or banking correspondent.
- Step 2: Provide Aadhaar number and bank name.
- Step 3: Choose the type of transaction you want to make.
- Step 4: Provide verification through fingerprint/iris scan.
- Step 5: Collect your receipt.
How do you become a Payworld retailer?
With Payworld. One just needs to register with the Payworld app and opt for Payworld Travel Services by paying a registration fee of Rs 1100 only. Through Payworld Travel Services one can start booking Air, Bus, Travel Insurance, Hotels and start earning up to Rs. 30,000.