AEPS (Aadhar Enabled Payment System) is a revolutionary idea which provides online interoperable financial transaction at PoS (Point of Sale / Micro ATM). PayMonk provides services such as Instant money transfer service, bill payments, AEPS, IRCTC Bookings, Mobile/DTH recharge, etc. The AEPS is entirely controlled by the NPCI (National Payments Corporation of India).
A no. of benefits related with AEPS portal are:
- Cash withdrawal from the Micro ATMs
- Cash deposits
- Funds Transfer
- Enquiries related to bank balance
- Authentication services
All the places where ATM infrastructures are not available, AEPS facilitates for financial transactions. The best AEPS portal has been developed by PayMonk so far. Anyone can register as white label partner and can deliver services in nearby localities. The customers are not charged even a single penny, the banks pay agents. Since the white label partners are connected to the prestigious fintech company, they can always shoot for queries. Also, white label partners who provide AEPS services can also avail benefits if they stick with PayMonk for a longer duration. Recently PayMonk launched its UPI app which is available on Google Play store.
About the Author:
PayMonk is a fintech brand of Actas Technologies Pvt. Ltd. It is one of the leading companies in fintech brands.