Aadhaar Enabled Payment Service or AEPS, is an Aadhaar based payment solution which empowers bank users to carry out financial transactions (without any debit card/credit card/ cheque book) using only their Aadhaar card, registered with their bank account, and biometric authentication. AEPS agents and distributors can provide basic banking services to their customers such as cash withdrawal, balance inquiry and obtaining a mini statement. It is an initiative by NPCI (National Payments Corporation of India) to support unbanked and underbanked sections of India.
It is a win-win situation for both – the local retailers and the customers. Instead of searching for ATMs or standing at long queues at bank branches, customers can walk up to any Priyansh Cyber Cafe retail store and conduct banking transactions with their Aadhaar number and fingerprint authentication. At the local store, customers can withdraw cash, or instantly transfer money to any bank account in India with ease and convenience.
How Does AEPS Works?
Once the AEPS Agent registration is done, your Priyansh Cyber Cafe AEPS Agent login id will be generated. The process of AEPS is very simple.
Benefits to AEPS agent
Benefits to customer
Why Priyansh Cyber Cafe
Any new or existing business partner can do AEPS registration with a simple documentation process. All you need to do is to submit your PAN Card and Aadhaar Card and fill the Aadhaar Enabled Payment System registration form. Earn a handsome income on every transaction!