What is AePS ?
AEPS stands for Aadhaar Enabled Payment System. It is a type of payment system in India that allows bank customers to carry out financial transactions with the help of their Aadhaar number and fingerprint authentication device. AEPS is an initiative by the National Payments Corporation of India (NPCI) to enable secure and convenient financial transactions for individuals who may not have access to traditional banking services.
Why with us ?
AEPS transactions are marked by their unparalleled convenience, as they can be executed at various DevelopIndia centers. This accessibility empowers users to access banking services without the need to visit a traditional bank branch, which is especially impactful in rural and remote locations.
Product Features: The range of services supported by AEPS is extensive, covering Balance Inquiry, Cash Withdrawal and Mini-Statement transaction. This versatility positions AEPS as a comprehensive solution that caters to various basic financial needs.
Advantages of AePS
Inclusive Banking
AePS ensures that every Indian, regardless of location or socio-economic status, has access to basic banking services. This inclusive approach is a cornerstone in our mission to bridge the urban-rural divide and empower every citizen with financial independence.
Secure and Convenient
Enjoy the convenience of secure transactions using your Aadhaar number. AePS eliminates the need for cards or PINs, making financial transactions hassle-free and enhancing the overall user experience.
Widening Financial Reach
By leveraging Aadhaar infrastructure, AePS expands the reach of financial services to the remotest corners of the country. This means that individuals in rural areas can seamlessly conduct banking transactions without the need for a physical bank branch.
Interoperability
AePS facilitates interoperable transactions across banks, ensuring that users are not restricted by the choice of their bank. This interoperability enhances the efficiency of the financial system and promotes healthy competition among financial institutions.
Financial Literacy
AePS is not just a tool for transactions; it is a gateway to financial literacy. By using AePS, users can gain insights into various banking services and develop a better understanding of financial management.
Highest Commission
We at DevelopIndia provide highest commission for Cash Withdrawal and Mini-Statements transactions.