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by on April 6, 2021
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Why go looking for your bank when you can make an online money transfer right next door to take care of all your banking needs? Customers can easily withdraw, deposit, and transfer cash and access bank accounts, using Aadhaar data and biometric authentication instead of signature or debit card information using Aeps Service Registration and app. Customers can now visit their closest Aeps retail points and complete all of these transactions using their Aadhaar data and biometric authentication, rather than looking for an ATM or a bank branch.

 

Everything you need to know about AEPS 

AEPS refers to the Aadhaar Enabled Payment System established by The National Payments Corporation of India. It has introduced a new payment service for banks and financial institutions that uses ‘Aadhaar.' The Unique Identification Authority of India uses Aeps Software that issues the Aadhaar code, which is a unique identification number (UIDAI).

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In banking, AEPS refers to a provider's permission for a bank customer to use Aadhaar as his or her identity to access his or her respective Aadhaar enabled bank account with AEPS service provider bank and conduct basic intrabank or interbank transactions, such as balance inquiries, cash deposits, cash withdrawals, and remittances. You can log in to Aeps's Website to get details about your transactions.

 

What is AEPS White Label Portal, and how does it work?

The word "white label" refers to the lack of a label. It's easy to mark it for yourself. Select the best White Label Portal service provider with Aadhaar Enabled Payment System. You have your brand, a domain name, and a logo; then, you can use Aeps White Label. Choose your website color scheme and fill out the about us, contact us, and other pages with your company content with the help of Aeps White Label Portal.

 

Facts about AEPS White Label Software and API

 Starting your AEPS, Money Transfer, or Mobile Recharge Portal is a fantastic idea by using Apps White. Developing your own B2B portal allows you to quickly build and manage Retailers, Distributors, and Master Distributors, but it is not a simple task. You can use Label Price for specifying the prices.

 

 

Know the best way to get started with AEPS services in India

Select the Aeps White Label Provider that provides you with an AEPS gateway, and the following are the steps to get started with your AEPS services:

1) Purchase AEPS service: First, a person must go to a Retail touchpoint near them and purchase an AEPS service.

2) Uploading required documents: Users must include their Aadhaar number, which must be connected to their AEPS service provider bank account. You must also provide the bank name to which your Aadhaar is connected, in addition to the Aadhaar number.

3) Map System on Service Activation: After uploading all of your necessary documents, a biometric machine captures your fingerprint. The information is then submitted to the National Police Commission of India (NPCI) for verification. You can also ask for Aeps White Label Software.

4) Begin earning and transacting: Once your AEPS agent registration is accepted by the National Payments Corporation of India (NPCI), you can begin your business and earn high commissions with AEPS digital India payment limited.

Conclusion

AEPS is a bank model that enables online interoperable financial inclusion transactions at the sale point using Aadhaar authentication via any bank's Business correspondent. The RBI has received the study from the working group on Aeps White Label Solution standards, Central Infrastructure, and Connectivity. It was suggested as part of the working group that a Lab level Proof of Concept (POC) be performed, incorporating the authentication and encryption standards. You should choose the Best Aeps Service Provider to increase your business with Apes. 

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