Tag: aeps white provider
AEPS is a means to make a financial transaction from the bank accounts with the support of your biometric authentication. This program requires your signature nor one-time password (OTP). The AEPS aims to enable all sections of the society by making banking and financial services available anywhere anytime to all through Aadhar Based. During AEPS, you transfer your funds, make payments, cash deposit, cash withdrawals, balance query everywhere anytime by authenticating fingerprint. AEPS csp allows customers to make payments using their Aadhar amount and by providing Aadhar verification at the Point of Sale (POS) or micro ATMs.
It indicates that it has no such labels. An individual can easily label it themselves. One can start a company with his own brand name. AEPS White label partners can easily ensure their money inflow by opening one client service stage. The admin panel will be provided by PayMonk. With PayMonk’s powerful system, you can become a distributor and may have commissions from your retail network as well.
There are four different plans with PayMonk’s Agent partner services:
- Basic- ₹ 1,000
It includes AEPS, Domestic Money Transfer
- Silver- ₹ 1,499
Agent ID with additional services
- Gold – ₹ 7,250
Agent ID with Gold Plus PAN Card
- Platinum – ₹ 11,000
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Call Now: +91-9811308444
Learn More: http://www.paymonk.com/
A payment method where the only requirement is the exceptional Identification Number by which financial transactions could be made with no demand for ATM infrastructure. This system is commonly used in thinly populated areas or under banked segments of society. Aadhar card holders can easily transact through AEPS system. This has two Main benefits:
1. Customers are not billed for their transactions
2. Banks pay their agents or AEPS White Provider (an amount as commission)
The major services offered under AEPS are money deposits, withdrawals, balance enquiry, finance transfer and charging. The only requirement for using this service is that the clients will need to get a bank account that’s connected to their own Aadhar.
The operation of AEPS is very straightforward. The AEPS White provider must authenticate the Aadhar trade using the consumer’s biometric information. For customers with multiple accounts, Aadhar must be connected to all the reports. Everyone can start a small scale company by becoming an AEPS White provider of PayMonk. Recently, they launched their UPI strategy for making hassle free transactions. The applications can be found in Google Play Store.