AADHAAR Enabled Payment System (AEPS)
AADHAAR Enabled Payment System enable us to use basic financial services like cash deposit withdrawal and remittance at low cost access devices (called MicroATMs) maintained at Business correspondents in an inter-operable way.
AADHAAR provides basic banking transactions that are given below:
Cash Withdrawal
Cash Deposit
AADHAAR to AADHAAR Funds Transfer
Balance Enquiry
Gateway Authentication Service
The main objective of AADHAAR Enabled Payment System (AEPS) is to empower a bank customer to use AADHAAR to access his/her AADHAAR – enabled bank account and perform basic banking transactions that are interbank or intra-bank in nature through a business correspondent.
Another important goal AADHAAR Enabled Payment System (AEPS) serves is to facilitate inter-operability across banks in a safe and secured manner.
AADHAAR Enabled Payment System (AEPS) allows online interoperable financial inclusion transaction at PoS (MicroATM) through the Business correspondent of any bank using the AADHAAR authentication.
Here are the four AADHAAR enabled basic banking transactions
Balance Enquiry
Cash Withdrawal
Cash Deposit
AADHAAR to AADHAAR Funds Transfer
Cyrus is a well-known company for providing Aadhaar Enabled Payment System provider. Through AEPS user can withdrawal cash and inquire balance and admin of software will earn huge commission on each cash withdrawal transactions and also able to distribute AEPS transaction amount for their register agents in real time.
Mobile Recharge Software Company 