What information does the consumer need to have on the AEPS financial transaction? Aeps
White Label Solution has been very useful. Majorly three inputs are always required: single
customer Aadhaar total number MicroATM fingerprint recognition potential customers now for
online authentication IIN current number so what are the additional benefits of further AEPS?
* Protection Aadhaar enabled Payment system is indeed simple to use, reliable and secure
payment mechanism to make use of Aadhaar absolute number & finger prints. Aeps White
Label Price is pretty much reasonable.
* Prevents fraud Aadhaar activated Payment legal system is based mostly on the demographic
and also the biometric/iris details of the person and completely eliminates once again the
possibility of fraud and also any kind of non-genuine activity which is performed.Aeps Software
is nowadays used worldwide.
* Disbursement of further Government Benefits Aadhaar has allowed the Payment Mechanism to
allow disbursements of further Government entitlements such as with NREGA, Social Security
state pension, Disabled due to old age retirement pension, etc. by any central or state government
agency by using Aadhaar authentication process. Domestic Money Transfer Api has been
doing a great work in helping people.
* Easy-to-operate Aadhaar enabled Payment Mechanism enables interoperability across several
banks even in a safe and much secure way all without debit cards and otherwise signatures.
People are more and more using the AEPS Services now.
*Achievement of rural AEPS allows banks to somehow expand financial services across their
branch network once again to unreached customers. Main beneficiaries of further new bank
correspondents here are often found in unbanked and some of the under-banked major areas.
Banking correspondent really can hit a remote rural area with the major help of micro POS
machines. DMT Services are also getting popular.