AePS platform is a payment system of new India that is encouraging digital banking. India is moving towards a cashless society and AePS is working as a bridge between offline to online banking since November 2010. Before it, India was a country with endless queues in banks and ATMs. Along with this, A huge part of the Indian population was unaware of banking due to the lack of banks and ATMs in their areas.

This was an enormous problem that was stopping people to contribute to the economy of India. To resolve this problem, RBI had to install branches of banks and ATMs in those areas but that was an expensive and critical task because reaching out in those areas was impractical at that time.

That's why RBI initiated NPCI (National Payment Corporation of India). This is an umbrella organization for all digital platforms in India. It takes care of all online transaction activities, processing and settlement.

To overcome this problem, NPCI started Aadhaar enabled payment system in 2010. This is a payment method that works on the Aadhaar ID. This is also known as Aadhaar banking. To use AePS service, a bank customer's account must be linked with an Aadhaar card.

A bank customer can visit nearby BC (business correspondent) of any bank and can perform basic banking services like AePS cash withdrawal, cash deposit, balance inquiry, mini statement etc.

So we can exclaim that AePS the platform is offering a seamless banking experience and provides an effortless and swift banking transaction facility.

In this article, I will explain the AePS platform, its benefits and which is the best portal for AePS business in India that can make money for you hassle-free and effortlessly.

Concept Behind AEPS Platform

To create a robust payment and settlement infrastructure in India NPCI ordered to all banks to connect & regulate bank accounts based on Aadhaar identity.

Now to penetrate the Aadhaar banking platform in all underprivileged areas, NPCI needs agents who can distribute the service. To manage this, banks created APIs of banking services and created partners as software companies. These software companies integrated all APIs in software that is known as AePS software.

These are software companies that provide AePS software to admins who further create members as distributors, master distributors and retailers so that they can bring banking services to customers.

By this way, AePS generate employment opportunities.

Key Benefits of AEPS Platform

1. AePS provides banking at the doorstep
2. It is helping in financial inclusion in India
3. Anyone can access banking with UID
4. No extra fees for using banking
5. It is a simple, swift & secure way of banking
6. Government facilities directly transfer to bank through AePS
7. Bank customers can withdraw up to 10K in a day

So these are all the key benefits of AEPS in Banking.

How Can I Get Benefits of AePS Business Opportunity?

NPCI designed this structure in a way that arise multiple business opportunities. You can also start an AEPS business as an admin and can make it a handsome source of Income.

To start AEPS business as an admin, you need an AEPS portal. There are many AEPS provider company in India that offers AEPS software with multi banking service.

You can buy the AePS system from AEPS Provider Company and can start earning by creating members in your down line.
This is a simple and crystal clear way of making money easily.

Conclusion

So here we learned what is AePS platform, its concept, benefits and how you can start your own Aeps business with a small investment and can make it a handsome source of Income.

For more details visit my blog or apply for a free live demo.