AEPS Agent
Aadhar Enabled Payment System or AEPS, allows consumers who don’t have debit cards or smartphones to perform basic banking transactions like cash deposit, cash withdrawal, interbank or intrabank fund transfer, obtaining a mini statement and balance enquiry through biometric authentication at micro-ATMs.
A few FAQs:
Q) What is Aadhar?
Aadhar is a unique identification number issued by the Unique Identification Authority of India (UIDAI) to any resident of India.
Q) Can anyone be a part of AEPS system?
Any resident of India holding an Aadhaar number and having a bank account in any of the recognised bank can be a part of the Aadhaar Enabled Payment System.
Q) Do customers need to have a bank account for availing AEPS?
Yes, customers need to have a bank account for availing AEPS.
Q) What is the process for enabling AEPS?
Customer must have an Aadhaar (Unique ID as issued by UIDAI) number linked with any bank account (the bank should be a part
Of AEPS network) where customer has an account. The registration process shall be governed by the rules laid down by the bank providing AEPS service.
Q) What is POS?
A Point of Sale-PoS device is used to facilitate customers to make Cash Deposit, Cash Withdrawal, Balance Enquiry and Fund Transfer. The POS device may be a Micro ATM.
Join as paymonk CSP now and start providing banking services to your neighborhood. Get a micro ATM instantly by becoming an AEPS Agent
Learn More: http://paymonk.com
Source: http://www.csppoint.net.in
Thanks for the comment
Amazing blog layout here. Was it hard creating a nice looking website like this?
I just want to mention I’m all new to blogs and certainly savored you’re web site. More than likely I’m want to bookmark your site . You surely have good writings. Appreciate it for sharing your web page.
Thanks a lot for giving everyone a very spectacular possiblity to read articles and blog posts from this site. It’s always very brilliant and packed with a great time for me personally and my office colleagues to search the blog minimum three times in 7 days to find out the fresh stuff you have. And indeed, I am just always pleased with all the amazing tricks you give. Some 2 areas in this post are rather the very best we have all had.