Aadhaar Enabled Payment System (AEPS) is a new payment system that enables a customer to access basic bank services with an Aadhaar card. It is based on the Unique Identification number that allows financial transactions through Aadhaar based authentication. It works on software which is provided by many companies. But the best AEPS software provider company in India is Ezulix Software.

Ezulix is not a new company to provide AEPS service but it is serving its customers from several years. Firstly, we will understand AEPS clearly.

Aadhaar Enabled Payment System in India
AEPS was introduced by National Payment Corporation of India (NPCI) and regulated by Reserve Bank of India (RBI). It serves the banking services to the underbanked society of India. There are still such areas where banks and ATMs are not easily available. AEPS is successful in providing AEPS services to every section of society.

A customer needs an Aadhaar card linked with a particular bank account to access AEPS service. It is also known as Aadhaar card payment because it is totally based on Aadhaar card. Ezulix provides the best AEPS software that enables you to earn the best commission ever.

AEPS uses a customer’s Aadhaar Card details to access their bank account to perform basic banking transactions. The services include Cash Withdrawal, Cash Deposit, Balance Enquiry, and Mini Statement. It is a safe and simple payment system that works number and biometrics which eliminate fraud activities.

AEPS system aims to empower all sections of the society by making financial and banking services available to all through Aadhaar Card. It not only provides the above-mentioned services but also enables customers to make payment at any AEPS provider shop. Customers can carry out all transactions through a business Correspondent (BC).

There is a certain AEPS transaction limit for customers i.e. Rs. 10,000 per day. It can be extended by using Aadhaar Pay service which is a feature of AEPS only. It enables a customer to perform transactions above AEPS transaction limit.

There is no need to visit bank or ATM to access basic bank services. Just visit your nearest shop and provide your Aadhaar number and scan your finger on a fingerprint scanner. This is all you need to do for accessing the AEPS service. Moreover, it is a simple process and doesn’t need any technical knowledge to provide service. Let’s move towards the benefits of AEPS.

Benefits of AEPS
There are plenty of benefits for using AEPS service and for providing the services too. Some of them are mentioned below.

1. Easy to use
2. Safe and secure payment method
3. Interoperable across various banks
4. Encourages financial inclusion and serves the under-banked sections of society
5. With AEPS, the only information required to perform a transaction is Aadhaar card and biometric authentication
6. Facilitates disbursement of government schemes using Aadhaar authentication
7. Offer highest commission on every successful transaction.
8. Highest success rate of 99.7%

AEPS is beneficial for both customers as well as the service providers. It facilitates customers with basic banking services without going to the bank. Meanwhile, it provides an attractive commission to the service provider on every transaction.

Objectives of AEPS
The major objective of AEPS is to permit and give authorization to a bank customer for using Aadhaar Card for accessing their respective Aadhaar enabled bank account. Furthermore, they can also perform interbank transactions through a Business Correspondent (BC). Some of other aims of AEPS are:

1. To promote financial inclusion in India
2. Easy and secure payment through Aadhaar card authentication
3. Facilitating the inter-operability across all the banks in a safe and secured format
4. To build the foundation for a full arrangement of Aadhaar Banking.
5. Serve the underbanked section of society
6. Build a cashless economy in India

These are the major objectives of the government behind introducing the AEPS service in India. Now, we will tell you how AEPS works.
AEPS machine works like a Point of Sale (POS) machine. Instead of a debit or credit card pin, the merchant will have to ask for the customer’s Aadhaar number and authenticate the transaction using the customer’s biometric data.

You will require the following information to carry out an AEPS transaction:
• Bank’s Name
• Aadhaar Number
• Fingerprint

A customer will need the above-mentioned information in order to use the AEPS service at any nearest AEPS service provider.

Conclusion
Let’s get straight to the point. Among all the AEPS software provider companies in India, Ezulix is the leading company in providing the software. We develop advance and updated software according to the market requirements. We have already served hundreds of customers in India and looking forward to more.

An individual can earn the highest income with Ezulix AEPS software and he/she can also start various new businesses with our software. This is the easiest and instant way of earning big profits. Our AEPS software has the highest success rate which is higher among all the companies.

Apart from this, for better growth and more profits for your business, you will need the right product and that is what Ezulix offers. Our advanced software will take your AEPS business to big heights in no time. Our professional teams of experts are always ready to hear our customers. They always work on the software as per the requirements of the customer.

For more details about AEPS software, AEPS business and all new updated features, visit my blog or apply for a free live demo.