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Aadhaar Enabled Payment System AePS API
Why is it necessary to understand the concept of financial inclusion and financial involvement?
Financial inclusion is the notion that everyone in our society has the right to have the ability to be involved and properly participate in the financial mechanisms of the country. There are many poor households, especially in the rural areas of India that do not have any access to the country's financial services. Many people are not aware of financial management, banks, their benefits, and their functions. Even if they know about the existence of banks, many people do not have the required access to avail services from these banks.
What led to bringing about the AePS system?
The financial exclusion of a vast number of people is a major problem that has been ongoing for many decades. With the advent of technology, the Government of India has taken many steps to bring access and awareness of financial services to the people. One of the main reasons for bringing about this facility was the low literacy rates in rural India.
Detailed studies reveal that literacy rates in rural areas were shown at 71%, compared to 86% in urban areas. The proportion of people who have graduated from a higher level of education was more in the urban areas than in the rural areas. This survey on 'Social Consumption: Education' was conducted across India by the National Sample Survey Office (NSSO). This highlights a big gap in India in the context of average literacy rates.
Along with the issue of accessibility of banking services, there is a huge need to bring the large segments of the country’s population into the banking system. This helps people make use of available resources that are regulated, like taking a loan. Such a move would stop the monetary exploitation of people by unscrupulous and dubious persons. It also opens them to a whole new world of banking abilities and amenities. However, everyone agrees that it is very difficult to accomplish such a goal due to a vast majority of the Indian population staying in rural or remote areas. So, this is precisely why such an initiative was launched under the Financial Inclusion goal. What is an API?
Before you learn everything about the AePS system, you need to first understand the meaning of an API. API stands for Application Programming Interface. They are a set of functions and procedures that allows an application to access data and features of other applications, services, or operating systems.
Let's take an example - you want to order food from a restaurant. You visit the establishment and have decided what you want. All you need to do is to communicate your order to the kitchen staff. This is handled by a waiter who passes your order to the chef. After your meal is prepared and ready, the waiter brings it to you.
In this scenario, the kitchen is the back-end software system and the waiter is the API. Basically, APIs help two different types of software to communicate and exchange data with each other. Now that you know what an API is, let us move on to the revolutionary Aadhaar Enabled Payment System or AePS. What is an AePS API?
Aadhaar Enabled Payment System, also known as AePS, is a payment system that is helmed by the National Payments Corporation of India (NPCI). You can avail banking services such as cash deposit and cash withdrawal, inter-banking and intra-banking money transfer, eKYC, and balance enquiry. To start availing these facilities using AePS, the individual must be an Indian citizen and have their Aadhar card linked to their bank account. Once linked, to avail of the services, it only requires the submission of the Aadhaar number along with the biometric verification of the individual. The benefits of the AePS Payment System:
Although recently launched, there are many benefits that people can take advantage of by using the AePS payment system. AePS paves the way for account holders to successfully complete banking and non-banking transactions with just their Aadhaar number and biometrics for verification. The use of biometrics to authenticate every transaction makes the entire system safer to use and makes it hard to defraud.
There is no need for account holders to maintain their passbooks or details of banking transactions. Instead, their banking transactions can be viewed at the click of a button. This also greatly helps individuals who find it difficult to read, understand and maintain their account information. Most importantly, the AePS system gives a good boost for the financial inclusion goals that empower hundreds of thousands of people.
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Get To Know About The AEPS System Provider Or AEPS System
Aadhaar Enabled Payment System is a kind of payment method based on the Unique Identification Number and lets Aadhaar cardholders make financial transactions quickly through Aadhaar-based authentication. The goal of AEPS is to give everyone in society more power by giving everyone access to financial and banking services through Aadhaar. AEPS is just a payment system that works with Aadhaar. With it, you can transfer money, make payments, deposit cash, withdraw cash, check your bank balance, and more. RBP Finivis is a high-quality AEPS Service Provider financial company.
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Best AePS API Service Provider Company in India
RBP Finivis Pvt Ltd is among the leading aeps api service provider. All the principles could be implemented if the businesses were self-same two years ago but guess what? The businesses are not the same. Banks are still ravaged by days-consuming tasks.
Aadhaar enabled payment system aeps plays a significant role in banks and Fintech companies in India over a few years.
What is AePS Cash Withdrawal API?
AePSstands for Aadhaar Enabled Payment System. API (Application Programming Interface) refers to company service providers through API and SDK solutions.
In addition, on smartphones with aadhaar pay customers can carry out digital payments. With the help of your thumb impression, you can pay and secure cash from anywhere at any hour. The fund relocation payment system is supported by the aeps api payment system every point you send the funds, you take biometric verification. With aeps payout api our vision is to safe and secure banking with the help of globalization and digitalization.
How Does Our Aeps API support you?
· Pin less cash withdrawal
· Mini statements
· Balance in the credit system
· Multiple bank usage facility
· Real-time payment solutions with 24*7 guidance
· Biometric Authentication
· Instant and flexible payment system
Best AePS API Service Provider Companies:
• RBP FINIVIS Pvt.Ltd.
• ICICI Bank
• KOTAK MAHINDRA Bank
• Yes Bank.
• Airtel Payments Bank
• SBM Bank
AePS cash withdrawal api services for the growth of our customers. The services are designed and developed accordingly. We believe in connecting companies with the latest technology for a faster and more accessible user base. AePS API service provider helps to empower a bank customer to use Aadhaar as his/her identity to access his/ her respective Aadhaar enabled bank account.
As aadhaar enabled payment system aeps api provider, we are encouraging you to enlarge and transform your business boundary. AePS API can be integrated with business correspondent payment portals. Giving guaranteed convenience to their financial services to Fintech platforms, supporting corporations by building products around banking services.
Conclusion
RBP Finivis Pvt Ltd is the finest aeps cash withdrawal api provider that connects industries simultaneously with an extensive significance on financial inclusion. Basic banking facilities are often overlooked by institutions with the help of NPCI and RBI aadhaar enable payment system and the solution can be resolved with aeps cash out api are developed. Along with API, our vision is to enhance our customer’s business potential. With aeps api we believe in modernization for the advancement of your business.
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Expand Your Business Digitally with AePS API Provider Company
What is AePS? Where and When it can be Beneficial?
AePS is Aadhaar based payment system. This payment system is launched by the government of India under the National Payments Corporation of India (NPCI) and was initiated by RBI. It is a bank-led model that allows online transactions using Aadhaar authentication. AePS enable the following six types of transactions:
· Cash withdrawal · Cash deposit · Balance inquiry · Mini statement · Aadhaar to Aadhaar fund transfer · Aadhaar pay
Any customer having a bank account linked to Aadhaar can enjoy the facilities of this amazing service by visiting an AePS agent or business correspondent having AePS portal. Here, you can make your payments easy using your Aadhaar card and fingerprint detection. There is no need for any bank details such as account number and IFSC code, only bank name, type of transaction, and transaction amount need to be given.
Now the question arises where it could be advantageous? Suppose, if you go to a retail shop to purchase some household items but you forgot to take your credit/debit card and don’t have enough cash, then AePS is the best option for you. Nowadays most people carry a soft copy of their Aadhaar on their phones.
Become AePS API Service Provider with our user-friendly API & SDK
We at RBP Finivis developed a user-friendly API & SDK with which you can facilitate the best AePS API services to your clients. So, as an AePS API Provider, we are offering you a wide range of FinTech APIs that can be integrated with business correspondent’s payment portals or they can create something of their own with their brand name and logo.
If you are willing to buy API from RBP Finivis Pvt. Ltd. you can feel free to reach us by visiting our website – https://rbpfinivis.com or you can directly contact us via Email – [email protected] Toll-free no. – 1800-4196-571
Benefits of AePS API to Customers
There are many advantages of this system. Some of them are:
· It works with biometric authentication, so it is safe and free from fraudulence.
· There is no need to remember any pin or password
· Instant payments without a Smartphone
· Service available 24*7
· Make payments and do cashless shopping
· Instant complaint resolve
· Easy refund, in case of any technical issue
Conclusion
The 21st century is a technology-friendly era. Here we are living in a world where life is hassle-free due to the advancement in technology. With this advancement, our government thought to take banking services towards digitalization. With the support of NPCI and RBI Aadhaar Enable Payment System was launched in India to offer basic baking services to remote areas. As bank branches are not often available in remote areas, so to sort out their issues various AePS API Provider Companies developed customized APIs. These APIs are delivering innovative services to the common man. Apart from this offers opportunities to unemployed people to start their business and earn income with lots of offers and schemes.
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Domestic Money Transfer (DMT) Simplest Way To Send Money Digitally
DMT (Domestic Money Transfer) API has made money transfer easy across 200+ banks all over India in just a minute. RBP Finivis, being a DMT API Provider Company in India developed an API and SDK to make direct money transfer service accessible to everyone in the country effortlessly. Transactions performed under DMT are relatively safe, secure, and based on criteria to create a convenient user experience.
Getting money instantly where you need it has never been easier. But, we offer a variety of options to move your money fast to your dear ones. DMT is an assisted service to fulfill the money transfer needs of unbanked, under-banked, and migrant people in India.
What is DMT and How is it a Better Option to Use?
Domestic Money Transfer is the solution for instant money transfer that saves time and energy. RBP, an API Provider in India, provides smooth services to transfer money from an individual account to another account. It eliminates banking unprotected assail ability. Performance made under DMT is shielded and protected in quality. It aims to provide a convenient experience to its customers in every circumstance that has made it easy to navigate in the country. The most vital part of DMT API is that it is a secure application with the perfect ongoing fusion of NEFT and IMPS APIs.
How Domestic Money Transfer can be Useful for Various Sections of Society?
Domestic money transfer can be helpful for various sections of society for transferring money such as:
Migrant laborers: to send money to their family members at their native place.
Contractors, small business owners, hotel owners, etc: pay salaries to their staff members.
Daily wage labors such as carpenters, plumbers, electricians, etc.: transfer cash income to their saving account.
Local residents in the neighborhood
Features of Domestic Money Transfer:
Transfer money to anyone, anywhere across India in less time.
Dispense money transfer service 24/7 including all public holidays.
Safe and 100% secure money transfer as customers can get instant confirmation on their registered mobile number.
The service is available for rural and small banks of India too.
There are no hidden fee charges for the service offered.
Benefits for the Users:
No need to stand in long queues for hours in bank branches.
Saves time and money for traveling.
Even without a bank account, an individual can make use of this service
After being aware of all such features of these amazing services, don’t you think to go beyond all these advantages? So, here we are as a DMT API Provider in India to help you for helping others to make the best use of this system.
Conclusion:
As an API provider company in India, we realized the challenges people had to face before the arrival of DMT. So, now the days are gone when they had to stand in long queues for hours in bank branches to transfer money. Through DMT API any Indian citizen walks in with cash-in-hand to any business correspondent, fill in few details and transfer money to the family, friends, and loved ones anywhere in the country.
DMT
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High Commission AePS API Best Opportunity
To achieve success & grow at high pace, get high commission aeps api from RBP finivis. It intends to create an environment of convenience for the user.
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Get White Label AePS Portal at Lowest Cost
RBP Finivis Pvt. Ltd. is a complete package of digital banking solutions. Now launching your own aeps white label portal in less than a week is no longer a challenge. RBP offers you comprehensive online technology that has made digital banking effortless with your own brand now. You can offer all the basic financial services to the customers within one platform. For starting your portal, you need not worry about mapping issues, tech and bug issues, and high development costs. We have cut the era to provide you full banking technology solutions. Here, you can get white label portal for aeps.
What is AePS?
AePS is aadhaar enabled payment system that allows payments using aadhaar authentication. It is a banking payment system with which aadhaar linked bank account holders can make financial transactions without any debit/credit card and even there is no requirement of signature and OTP, only the name of the bank is required with aadhaar number. This payment system is based on the unique identification authority (UIDAI) which is a government agency. It is a safe and secure payment system with complete transparency.
What is White Label AePS Portal?
If you are planning to start your fintech business and want to serve people by offering banking services under your own brand name and logo without having any technical knowledge, then you are at the right place, RBP Finivis is your destination. It provides a scalable, secure, and easy-to-operate admin portal to take your AePS business hit the jackpot. In other words, our white label aeps portal offers you to label and run your business under your name. You will get a readymade admin portal where you only have to focus on your sales and marketing ground rest technical norms and software requirements will be taken care of by our experienced technical team.
Some of the Important Banking Services Offered Under AePS Portal Are:
· Cash Withdrawal
· Balance Inquiry
· Mini Statement
Fund Transfer
Advantages Of White Labeling Your Business With RBP
White labeling gained a lot of popularity nowadays and helps businesses to get profits in many sorts. Some of the benefits and advantages offered to you by RBP finivis at the lowest price and highest commission rates are as follows:
· Being our partner, you can design, create and maintain your own brand according to your requirement without any technical knowledge
· We benefit you to decrease internal and overhead expenditures on development
· We are always available to fulfill customer’s requests
· The major advantage is that it gives your agency easy way services without developing the solutions themselves
Bottom Line
In today’s scenario, everyone wants to gain popularity within a short period of time. Therefore, RBP Finivis offers a white label portal for basic banking services. It allows agencies to resell and rebrand banking products and services. White-label platforms work as catalysts to explore businesses effortlessly. After knowing the potential benefits, don’t wait anymore! Partner with us and start your white label portal to make your lifestyle luxurious by increasing your income without much investment.
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AePS White Label Portal – Instant Cash Withdrawal Portal
Create your aeps white label portal with RBP Finivis at the lowest price that supports instant cash withdrawal and many more banking services to each & everyone.
Best White Label Portal at Affordable Price – RBP Finivis
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Get white label portal and start your AePS | Micro ATM | Money Transfer | Recharge Business with your own brand name and logo.
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Build & Grow Your FinTech Network with AePS API Provider
RBP Finivis Pvt. Ltd. is among the aeps api provider in india which has been working to cater the financial needs of millions of low and moderate-income people residing in rural and semi-urban areas. We have come into the market as a FinTech industry to help other businesses to walk in as successful FinTech businesses.
Here, FinTech refers to financial technology that is used to support or enable banking and financial services. And we are present with our various API-oriented services across the boundaries such as AePS, Micro ATM, Bharat Bill Payment System, and Domestic Money Transfer. Out of these, let us discuss one of our unique API & SDK i.e. AePS (Aadhaar Enabled Payment System).
A Convenient Platform To Perform Banking Transactions Using Aadhaar Card:
AePS Service via compatible API and SDK, developed by NPCI with the initiative of RBI is a simple and highly secure financial transaction system for Indians using Aadhaar linked bank accounts. However, AePS supports easy card-less and pin-less cash withdrawal, balance inquiry, mini statement, and Aadhaar to Aadhaar fund transfer services with Aadhaar number and biometric verification. We at RBP have the perfect solution with AePS API banking services; we have been able to provide instant payment services and much more. So, now with the AePS API provider, you can do banking instantly, securely, and seamlessly without any hassle.
Put Your Steps Forward and Start Your AePS API Business (Invest Low & Earn High):
Markets are not the same as they were decades ago. Change is happening and it is happening fast. When it comes to banking, organizations are transforming digitally to keep pace with the changing landscape and it is time to integrate your enterprise or start your entrepreneurship journey directly with the digital banking system, introduced by RBP Finivis, an API provider company in India. It offers secure, reliable API solutions simplifying banking for outlines with proven results.
Our AePS API allows you trusted interoperable financial services to directly connect to the bank system with end API integration for payment processing and fund transfer happens on a real-time basis and gets automatically updated with payment status needs. Isn’t that simple?
Key Features Offered By RBP Finivis an AePS API Provider:
· Secured and reliable API banking solution with 24*7 help support
· The flexibility to authenticate financial transactions on the move using Smartphone or laptop
· Easy to implement
· Economical with low investment and high earning
· Interoperability to expand your business
Hence, it is amazing that with the up-gradation in financial technology, there has been a rapid change in the financial system from traditional to digital. With an AePS API provider company in India like RBP Finivis, one can start his own branded API business and grow in this fast-changing world that offers more relaxed and quick banking services, unlike old traditional modes. After being aware of all these wonderful features, are you curious to know more?
For more information you can visit our website or by direct contact us on our toll-free number:
Visit us: https://rbpfinivis.com/
Contact us: 18004196571
AePS Cashwithdrawal APP
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How API Provider Companies in India are Transforming Business for the Future
Technology has come a long way and is constantly growing at a fast pace and one such technology is API is also known as Application Programming Interface and when we talk about API, RBP FINIVIS Pvt. Ltd is a pioneer API provider company in India. We provide various API-oriented services across horizons like AePS, Micro ATM, Bharat Bill Payment System, and DMT.
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Micro ATM is a Boon for Human Society
Massive growth has already been made by banks to bring financial inclusion in the country to help human society. But, a large number of rural and urban poor people are still lagging to have access to their basic bank account, which is an important first step towards financial inclusion. However, it is not possible to set up bank branches and large ATMs in remote rural areas. Thus, Micro ATMs are the most suited substitute to overcome the lack of such facilities.
RBP FinivisPvt. Ltd. developed an integrated API and SDK to help people of remote areas to come under the banking framework and make the best use of it. As a Micro ATM API Provider Company in India, we offer the best services with advanced features.
What is Micro ATM?
Micro ATM is a small device that connects to the core banking system via its card swipe features. It is also known as Mini ATM because it replaces the bigger ATMs with the point of sales (POS) terminus. A card reader is united with the device for all banks debit cards along with the features of cash withdrawal, balance inquiry, fund transfer, etc.
Transactions can be Done Using Micro ATM
Cash withdrawal
Balance inquiry
Cash deposit
Fund transfer
Micro ATM Cash Withdrawal Requirement and Limit
Nowadays technology is growing at a fast pace to provide a comfortable and cozy lifestyle to every individual. But cash is still the king of most of the payments of the Indian economy. In rural and urban areas some people are dependent on cash for purchasing goods and services. If you ask your mom to make a digital payment she would deny and will be comfortable with cash payment only.
However, we realized the need and developed Micro ATM API &SDK to offer a cash withdrawal facility. With this, people do not need to go to bank branches or ATMs to withdraw cash. Go to any retail shop having a micro-ATM POS device and withdraw cash as per your requirement using your debit card.
Reserve Bank of India has not set any limit for the withdrawal of cash. Other banks have set Rs 50,000 per day as the limit of withdrawal for all the micro-ATM users.
What is the work process of Micro ATM?
Primarily, the verification process takes place using the card swipe option. After the verification of the debit card, various options for the transactions will be displayed on the screen of the mobile phone as the Micro ATM device is connected to the mobile application via Bluetooth. You need to choose the type of transaction you want. Your Micro ATM service provider will proceed further with your desired transaction. Then, the receipt will get generated within few seconds.
Create your brand and start Micro ATM Business
RBP Finivis is a leading fin Tech and an API provider company in India. If you want to start your Micro ATM business with your brand name and Logo, then RBP is the best option for you. We offer you well-developed and compatible API and SDK as per your requirement at reasonable and at better market rates. Not only Micro ATM service, but we offer other financial services also such as Aadhaar Enabled Payment System, Bharat Bill Payment System, Fast tag Recharge, and DMT. We have started such services to offer employment to the unemployed, an opportunity to earn additional to already employed people, and the most important motive is to bring the rural population under the framework of banking to bring financial inclusion in the country.
Objectives of Micro ATM
Some of the objectives of Micro ATM standards are as follows:
To bring financial inclusion in the country
To offer maximum compatibility with the existing banking system
To ensure secure and transparent transactions
To bring down the cost of integrating Micro ATMs into banks networks
To ensure a more uniform customer experience
To offer 24*7 banking services to the customers
Conclusion
Hence, it is expected that these Micro ATM standards will help to accelerate the growth of financial inclusion in India and help to achieve the nation’s goal of inclusive growth.
As an API provider in India always try to deliver the most innovative and compatible products and services to our customers. We are here with the Rural Banking Programme to offer help support to people and to reduce poverty in the country
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Can Aadhaar Enabled Payment System (AePS) Increase Economic Development in Rural India?
As the world evolves and progresses towards modernization, India is also taking steps to bring its economy up to date. For too long, our country has been seen as a developing nation. It is now time for India to work towards becoming a global leader. However, there is a long way to go before we can reach that point. The reality is that a vast majority of the country has not advanced in the same way that cities have developed. Since the growth was limited to very few places, the benefits could not be felt across the country.
There are many people in our country who do not have access to even the basic necessities for a minimum standard of living. That is why, India needs to do better in terms of economic growth and development. However, stating it and achieving it are two very separate things. So, let us explore more about the current economic condition of India and what can be done to solve this complex issue that runs deep within our society.
What is inclusive growth and how will it impact the economy?
Inclusive growth is a fairly recent concept that proposes equal job creation for everyone and reduces poverty. The government has realized that only growth is not enough. So, the government has made policies that provide equal opportunities for all. Thus, it aims to empower the people through education and skill development. The economy needs to kickstart at all regions in India, especially outside metropolitan cities.
One of the biggest problems faced by the rural economy is the inability to access banks and banking infrastructure like ATMs. Rural India has long suffered from the lack of access to the formal financial system. Many people have faced the problem of walking long distances to reach the nearest bank branch or are unable to access their cash because ATMs ran dry. To alleviate such issues, the government has introduced the Aadhaar Enabled Payment System or AePS.
What is the Aadhaar Enabled Payment System (AePS)?
The Aadhaar Enabled Payment System or AePS enables the empowerment of the people of rural India. The AePS payment system allows individuals to use their Aadhaar card to accomplish banking services like accessing their funds. All the person needs is their Aadhaar card and their biometrics. So, if this facility is available in kirana stores, businesses and shops, customers can easily make transactions. This helps in easing the purchase of goods and services, thereby increasing the cash flow through digital means in the rural economy.
How can the Aadhaar Enabled Payment System (AePS) work in rural areas?
The government is focused on building the Indian economy through achieving sustainable growth levels throughout the country. To reach these ambitious goals, we need to leverage the power of technology to boost the rural economy. The AePS payment system is one such innovation that aims to make digital payments prevalent among the rural population. It involves an AePS API provider company in India to help integrate it into your business. Since it is not limited to any particular bank, everyone can use it to easily send and receive money.
How can digital literacy empower people and build the economy?
Although the AePS payment system is a revolutionary financial solution, there is a downside to this scheme. Digital literacy is a major problem among the rural population of India. Many people do not even have the ability to read and write properly. To solve the literacy problem, banks are employing banking correspondents (BCs) to help people complete the required steps to open and use their bank account properly.
As for digital literacy, the government launched the Digital India scheme in 2015 to digitally empower every citizen. Especially during the period after demonetization, there was a massive push for a digital economy. Over 40 crore bank accounts were made by the people in rural India under the Pradhan Mantri Jan Dhan Yojana programme. With digitization becoming a priority, NGOs and government agencies are doing more to spread awareness and teach people to be digitally and financially literate.
How will a digital economy boost India's development?
A digital economy has the potential to increase the growth of the economy. The digitization of the rural regions of India would lead to a more equitable distribution of work, employment, and consequently, to equitable development. A digital movement in regions untouched by technology would lead to the creation of new markets, jobs and business opportunities. It is only a matter of time before the rural economy develops with the help of investment and innovation.
With the help of a AePS API provider, you can ensure that your business is also on the path to success. An API provider company would install and integrate the Aadhaar Enabled Payment System into your business pipeline. With the right AePS API provider, you can boost your business in the right direction. RBP Finivis is a trustworthy AePS API provider company in India that works to empower the people of India through its innovative fintech solutions. Our AePS API will ensure that your customer can pay for services or goods immediately and effortlessly.
What can you do to make your company future-proof and successful?
The number of digital transactions being conducted in the rural regions of India has been increasing for the past few years. Contact an AePS API provider company who would add the AePS payment system onto your current business model. The key is to provide this additional digital payment facility for customers who have difficulty in finding access to physical cash. As a consequence, you would attract more customers to your business.
The path going forward is to enable people in rural India to carry out financial transactions using the mode of Aadhaar based verification. This payment system works securely because it is dependent on the Unique Identification Number (UID) or the Aadhaar number of the person. In addition, every transaction is authenticated by biometric verification. With a good API provider company, you can use technology to grow your business to great heights.
RBP Finivis is a reputed fintech company that has created products to ease the finance infrastructure gap that consumers on a daily basis. With years of experience, we aim to empower people to make the right financial choices with our seamless fintech solutions. At RBP Finivis, we believe in the service of customers. As a API provider in India, we work hard to ensure that our clients have a smooth and peaceful transition into the era of digitization.
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AePS API Provider in India
AePS is a system of payment that is rooted in the Unique Identification Number and lets the users make easy and flexible financial transactions via Aadhaar based authentication. National Payments Corporation of India (NPCI) evolved this Aadhaar payment system to accredit the various sections of the society by building banking and financial services available through Aadhaar and encouraging cashless transactions in India.
The financial services (like balance inquiry and cash deposit) and non-financial services (like best finger detection and e-KYC) both can be performed under this Aadhaar enabled payment system. It is a quite flexible and secure mode of payment as it only needs customers’ Aadhaar number at the time of sale and a Best AePS API Provider Company.
It is secure because it provides the customer with the direct bank to bank transfer without any mediator and mentioning your bank details. No OTP, only the account holder’s fingerprint is requisite to make your Aadhaar enables payment. So, the Indian government made this initiative to aid the people living far-off places (rural areas) where banking services can’t reach. However, the government’s this initiative made a positive impact and made banking services possible at every corner of society through AePS API Providers in India.
Why This System Got Established?
To empower the customers for using Aadhaar as their identity to easy access of bank account and further perform financial transactions.
To outbid the target of RBI and the Government of India in carrying forwarding the financial institutions.
To give a boot to the country with high technology API Provider Companies
To facilitate the banks with more safe and secure financial transactions.
To successfully build an Aadhaar enabled banking sector in India.
What Services Offered by AePS?
Banking Service:
Cash Deposit
Balance Enquiry
Cash Withdrawal
Mini Statement
Authentication
Aadhaar to Aadhaar Fund Transfer
Non-banking Services:
e-KYC
Best Finger Detection
Tokenization
Aaadhaar Seeding Staus
At What Limit AePS Does Work?
The government of India through AePS API Companies provides the customer safe and flexible payment system but with few transaction limits.
Limit to withdraw the cash from Aadhaar card in 1 day: minimum - ₹100 and maximum of ₹10000 (in some banks maximum ₹20000)
Now banks also restricted the transactions made by your account that is, 4 transactions in a month.
Which Is The Best AePS API Provider In India?
There are numerous AePS API Provider Companies providing service to the economy with their objectives and visions? Few of them are like ‘Softcare Infotech’, ‘Securion Skrill Solutions’, ‘Noble Web Studio’,’ RBP Finivis’ and many more are there.
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Best Micro ATMs device & service provider company in India - RBP Finivis
RBP Finivis is a leading service provider of aeps and micro atm services and solutions in India. It offers the best Micro ATM service with software, mobile app, and micro ATM devices. The most impressive part of this assistance is that it is likewise valuable to those who are not banked. They can likewise send cash to their friends and family immediately.
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Leading AEPS micro ATMs Service Provider - RBP Finivis
RBP Finivis Micro ATMs is the best AEPS micro ATMs Service Provider that aims to connect rural areas by permitting clients to provide basic banking services by engaging neighborhood retailers and Kirana storekeepers with these devices. The AEPS frameworks include both unbanked and underbanked Indians. RBP Finivis Pvt. Ltd. offers FinTech-based APIs and software that can be used by hundreds of businesses from startups to large established enterprises to bring advancement in the finance industry.
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