AEPS (Aadhaar Enabled Payment System) is a service offered by Dextox that allows customers to perform financial transactions using their Aadhaar number and fingerprint as authentication. These transactions include balance enquiry, cash deposit, cash withdrawal, and fund transfer.
AEPS (Aadhaar Enabled Payment System) is a service offered by Dextox that allows customers to perform financial transactions using their Aadhaar number and fingerprint as authentication. These transactions include balance enquiry, cash deposit, cash withdrawal, and fund transfer. AEPS allows customers to access their bank accounts and perform financial transactions without the need for a debit card or credit card. This service is particularly useful for individuals who do not have access to traditional banking services or for those who prefer the added security of using their Aadhaar number for transactions.
AEPS is a banking service provided by the National Payments Corporation of India (NPCI) which allows customers to access their bank accounts through a micro-ATM or a mobile device. With AEPS, customers can perform various financial transactions such as cash deposit, cash withdrawal, balance enquiry, and fund transfer using their Aadhaar number and fingerprint as authentication.
The Aadhaar Enabled Payment System (AEPS) is transforming the way banking services are accessed, offering a secure, convenient, and card-free transaction experience. With AEPS, customers can withdraw cash, check balances, and transfer funds using just their Aadhaar number and fingerprint authentication, eliminating the need for ATMs or debit cards.
For retailers and business owners, AEPS presents a great earning opportunity, as they can provide banking services at their outlets and earn commissions. By bridging the financial gap in semi-urban and rural areas, AEPS promotes financial inclusion, ensuring banking services are available to everyone. With Dextox Softech’s AEPS solution, businesses can empower customers with secure, fast, and hassle-free banking services!
AePs is Aadhaar enabled payment system that gives us an easy banking experience using an aadhaar authentication and mobile phone installed Dextox Softech – The Reliable Payments App. With the use of this app transactions from many government schemes like social security pension, old age pension, etc. can also be performed with so much ease.
Used to withdraw cash from aadhaar linked bank account
Helps to enquire balance of your bank account.
Displays the history of the last 5-10 transactions.
Helps to transfer money from one account to another using aadhaar.
AePS is a bank-led model that is helmed by the National Payments Corporation of India (NPCI) with the initiative of RBI. One of the main causes for bringing about this system is to make financial services accessible across the country, especially in rural areas. All the aadhaar linked bank account holders can make use of this completely secure banking service from their doorsteps.
At Dextox Softech, we empower the future of digital banking with our innovative API platform, designed to accelerate open banking and enable seamless third-party collaborations.
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