AEPS (Aadhaar Enabled Payment System) Software || ALL WEBS SOLUTIONS

Course Details

Business Strategy
5.0 Reviews

AEPS (Aadhaar Enabled Payment System) Software

By RAHAMATULLA SEKH
03/Jul/2024
0 Students

Course Description

AEPS (Aadhaar Enabled Payment System) is a payment service developed by the National Payments Corporation of India (NPCI) that enables customers to make financial transactions using their Aadhaar number, which is linked to their bank account. The service allows for banking transactions through business correspondents (BCs) or micro ATMs, even in remote areas without traditional bank branches.

Key Features:

Secure Transactions: Uses Aadhaar number and biometric authentication (fingerprint or iris scan) for secure transactions.
Financial Inclusion: Aims to provide banking services in rural and underserved areas.
Interoperability: Works across all participating banks in India.
No Debit/Credit Cards Required: Transactions are done directly with Aadhaar number and biometric data.

Services Offered:

Cash withdrawal
Balance inquiry
Mini statement
Fund transfer (intra-bank only)

AEPS is particularly beneficial in rural areas where access to banking infrastructure may be limited, but where Aadhaar authentication can facilitate secure and accessible banking services.

Course Curriculum

RAHAMATULLA SEKH

FOUNDER AND MARKETING DIRECTOR

Founder and Marketing Director As the Founder and Marketing Director, I drive our vision forward, blending innovative strategies with hands-on leadership to elevate our brand and connect with our audience. Passionate about growth and creativity, I lead with purpose and a commitment to excellence.