AEPS
Aadhaar Enabled Payment System

Cash Withdrawal

Balance Check

Mini Statement

Cash Withdrawal

Cash Deposit

Balance Check

Cash Deposit
Service Benefits

Instant Service Activation

Opportunity to earn upto ₹ 10,000 per month

Margins Instantly Credited

Payout Facility on Bank Holidays

Choose from Variety of Bio-Metric Devices

Switch between Multiple Banks for AEPS

Withdrawal Limit between ₹100 - ₹10,000
How to get started with your AEPS Service

Select AEPS Service

Upload Necessary Documents

Map Device on Service Activation

Start Transacting & Earning
FAQ
Purpose:- To Serve the unserved. Augment the public banking services infrastructure What is an AEPS? Customer Fingerprints verification through Biometric How does it work? Agent /Retailers use Payworld AEPS APP/PW after due authorisation Service Offered:- AEPS Cash Withdrawal & Balance Enquiry and soon launch Deposit Facility for ICICI Bank Customers. Withdrawal Limit:- Rs 10,000 per transaction with no daily limit* Number of Bank Mapped for Scheme:- Service Available from no. 118 banks. (Covered 99% of Bank Accounts) Transaction Cost:-
- NIL to customer
- Merchant or BC get Commission from Bank as per mutual Agreement
AEPS stands for Aadhar Enabled Payment Systems and a dedicated AEPS service provider enables its clients to make their payments safer and easier by using their Aadhaar cards Why AEPS – A Big Business Opportunity?
- India will require at least 2 Crore + Micro-ATMs to match ATM Penetration with countries like South Africa, China etc.
- Half of the 2.38 lakh ATM machines are not sufficient to cater our population across Pan India.
- Govt pushing all Govt to Citizen benefits directly in Citizen Bank Accounts like Menraga Wages, Gas Subsidy Etc.
- Recent Budget Govt Propose to give Rs 6000/- to 14 Crores Framers. First Instalment of Rs 2000/- will credit in March.
- Govt Giving Rs 2000 /- Overdraft Facility in 34 Crores Jan Dhan Accounts.
- Various Pension schemes by State & Central Govt.
- AEPS stands for empowering millions of commoners and businessmen. Many Government schemes like Social Security Pension, NREGA Old Age Pension, etc. can also be performed with so much ease through an AEPS portal.
With an AEPS app, AEPS software or an AEPS portal, in total AEPS means you have the facility to switch your bank with another bank for the purpose of money transfer.
Aadhar enabled payment system has more benefits that one can imagine and don't think too much if the AEPS agent registration is free or not. Once you are done with AEPS registration, you are able to get the below-listed AEPS service provider company benefits:
- AEPS Service through AEPS software is available through WEB & AEPS app Mobile Application
- AEPS in banking provides Best Margin to retailer & Agent
- Instant Pay-out Facility available in AEPS banking through AEPS software
- Instant Service Activation
- Less failure Transaction Ratio
- Low & Hardy any cases where “ Transaction Failed and Customer bank A/C Debited. “
- All Machines working with Payworld web /On mobile Platform
- Good customer Care Team Support /MIRA auto Support for AEPS software
- Faster complaint /Grievance resolution
With an AEPS portal, the client can also obtain a mini statement from AEPS service provider bank after every transaction performed. AEPS payment system also allows you to deposit money as well as AEPS cash withdrawal from your bank accounts. In order to perform these transactions, AEPS registration is mandatory.
- How are you Shyam Bhai?
- Not so good! There was just one ATM for the whole village, now even that is removed. Now where should we go to withdraw cash? Even the Bank branch is far.
- No need to worry anymore. Our store is not only a Retail store but also a Mini ATM! You can withdraw cash with your card and PIN just like you do in the ATM. This Micro ATM serves for all Visa and MasterCard of all Banks.
- That’s really great! You resolved our problem of cash withdrawal by having this Micro ATM at your store.
- No Monthly Rent
- No other cost and fees & Charges other than the cost of the device.
- Retailers in remotest areas of the country can now offer Cash withdrawal services.
- Retailer gets Commissions on every card swiping Transaction.
- Customers of any bank having Visa, MasterCard or RuPay card can avail cash withdrawal transactions.
- Cash Withdrawal up to Rs 10,000/- Per Transaction ( Maximum Withdrawal as per Card Limit )
- Easy Service Activation
- Instant Commission Pay-out
- Instant Fund credit in Wallet
- Instant Fund Transfer from Wallet to Bank Account.
- All Bank Debit card accepted
- Increase in foot-fall resulting in new customer base
- No Monthly Rent
- No other cost and fees & Charges other than the cost of the device.
- Retailers in remotest areas of the country can now offer Cash withdrawal services.
- Retailer gets Commissions on every card swiping Transaction.
- Customers of any bank having Visa, MasterCard or RuPay card can avail cash withdrawal transactions.
- Cash Withdrawal up to Rs 10,000/- Per Transaction ( Maximum Withdrawal as per Card Limit )
- Easy Service Activation
- Instant Commission Pay-out
- Instant Fund credit in Wallet
- Instant Fund Transfer from Wallet to Bank Account.
- All Bank Debit card accepted
- Increase in foot-fall resulting in new customer base
- The easy process of commencing your own micro ATM services with Payworld are listed below.
- Purchasing an ATM service: The first and foremost step is to purchase an Aadhaar based micro ATM service with Payworld.
- Necessary documents to be uploaded: The secondary step is to upload your necessary documents like your Aadhaar Card details and fingerprint verification.
- Pair Device after receiving the service activation: Once your activation is complete, you can start pairing your Aadhaar ATM machine for endless business services.
- All set to do transactions: Once your device is set, you are all ready to enjoy the transaction services and thus, earn a good income.
- Monthly Rent (Rs 300-400/-)
- Customer Pay MDR Charges up to 1.5 % on every card swiping Transaction.
- Cash Withdrawal limit up to Rs 2000/-
- Payworld is the best AEPS portal and below are the steps to get started with your AEPS services are as follows: 1) Purchase AEPS service: Firstly, an individual is required to visit the nearest Payworld Retail touchpoint and purchase AEPS service. 2) Uploading necessary documents: An individual has to provide his/her Aadhaar number, which must be linked to his/her AEPS service provider bank account. Along with the Aadhaar number, you are also required to provide the bank name to which your Aadhaar is linked. 3) Map Device on Service Activation: After uploading all your required documents, your fingerprint is taken by using a biometric machine. The details are then sent to NPCI for verification. 4) Start earning and transacting: Once your AEPS agent registration gets approved by NPCI, you can start your business and earn high commissions with AEPS digital India payment limited.
- Payworld is a well known Fintech company established in the year 2006 to provide financial services to the semi-urban citizens of the country. Payworld has become effective in its work as it makes use of a giant and an extensive network of more than 2,50,000+ merchants that reaches out to over 630 districts across India. Based on the recent records, more than 2,00,000 customers make their financial transactions with AEPS digital India payment limited through Payworld each day. Payworld provides several professional services such as Money Remittances, AEPS payment, BBPS Bill Payments, Mobile and DTH, recharge, Insurances, Loans, and Mutual Funds. All of these services will induce financial inclusion in the country by attracting the untapped audience. Payworld India is one of the best AEPS portals which enables the retailers to carry out their businesses through ATMs or Pos. We at Payworld limited who are AEPS digital payment service providers would like to especially give thanks to our Government for including BC agents as an element of the essential services that have provided required financial assistance to India's citizens in these troublesome and tough periods. AEPS digital India payment limited has made itself available to help these people who are in need. Payworld administers financial services of AEPS digital India payment limited to over 25 million consumers across the country with the extensive network of 50,000 BC agents. We hope to continue offering our services "uninterrupted and unaffected" even in the tough times of this outbreak. Payworld extends its services and stands strong with all the citizens of the country and wishes to deliver financial services and financial assistance to them anytime they require. We want to assure all our users that all the services provided by Payworld will keep on to function as smoothly and efficiently as even during these situations of turbulence.