AEPS

    About

    Aadhaar Enabled Payment System

    Became an ATM & allow anybody to withdraw money through Biometrics
    Why go searching for your bank when you have Payworld Retail touchpoint next door for all your banking needs? Aadhaar Enabled Payment Service (AEPS), uses Aadhaar Data and Biometric authentication instead of signature or debit card information of the customers and allows them to quickly Withdraw, Deposit and Transfer cash & also access bank statements without visiting their bank branch. So, instead of searching for an ATM or a bank branch, customers can visit their nearest Payworld retail touchpoints and do all of these transactions using their Aadhaar Data and Biometric Authentication.

    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

    1. What is AEPS?
    AEPS means Aadhaar Enabled Payment System, a new payment service offered by the National Payments Corporation of India to banks and financial institutions using ‘Aadhaar’. Aadhaar is a unique identification number issued by the Unique Identification Authority of India (UIDAI). In banking AEPS means empowerment where the provider allows a bank customer to use Aadhaar as his/her identity to access his/ her respective Aadhaar enabled bank account (AEPS service provider bank) and perform basic intrabank or interbank transactions, including - Balance Enquiry, Cash Deposit, Cash Withdrawal and Remittances. For all transactions, retailers ask for customers Aadhaar number and scan customer’s fingerprint using a biometric scanner attached to Payworld AEPS Software. A transaction will be successful only when the Aadhaar authentication is successful. AEPS service provider in banking also enables you to do payment transactions without any hassle but in order to do it, you should have AEPS registration. Are you getting questions like if AEPS agent registration is free? Read below to know more.
    2. What is an m-ATM?
    An Aadhaar Micro ATM is a payment solution for thousands of individuals who can do Cash Withdrawal transactions by just using their Debit Card. Small, handy device, alternative for Cash Withdrawal facility through any bank Debit Card. An Aadhaar ATM Machine provides several advantages and beneficial services to individuals. These services are pointed down below. An Aadhaar Micro ATM Machine facilitates a secured and safer method of Cash Withdrawal from Bank Account without visiting Bank Branch or ATM Point.
    3. What is the scope of Aadhar Enabled Payment System?

    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
    4. What is the scope of Micro ATMs in India?
    Only 40,000 ATMs in rural districts out of 2,20,000 ATMs across India. 62% of Indian population resides in Rural Districts. Only 18% of ATMs are deployed in Rural Geographies. Public sector banks have deployed 1 out of every 5 ATMs in these geographies and private sector banks have deployed only 1 out of every 10 ATMs in rural districts.
    5. Why AEPS a Business Opportunity?

    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.

    6. Why AEPS retailer buy m-ATM Device?
    Transaction Failure Ratio 20-30% in AEPS due to Biometric Mismatch. Various Garmin Banks – Aadhaar not Mapped North-East States like ASSAM – Aadhaar enrolment is very less Retailer can easily convert this business through m-ATM.
    7. What are the requirements needed to use AEPS transactions?
    AEPS which stands for Aadhaar Enabled Payment System is an AEPS payment system where the retailers link their Aadhaar Cards to their bank accounts to enjoy the various benefits and services of AEPS. AEPS service provider company lists out many benefits as well as it’s eligibility criteria for agent enrollment. No paper or card is required while performing AEPS transactions. However, if an individual fails to link his or her Aadhaar to the bank account, then AEPS service provider company lists that he/she is not entitled to reap the benefits of AEPS facilities like AEPS cash withdrawals, money transfers and more. Some of the major requirements are: 1) Your Aadhaar Number 2) Your Fingerprint 3) Your Name or Bank IIN (Issuer Identification Number) Thereafter, in order to get your AEPS agent registration free and do money transactions easily, all you need to remember is your Aadhaar number. Also, you will be surprised to know that AEPS software is easy to use.
    8. What are the benefits of using m-ATM at Payworld?
    At Payworld, we offer you an excellent solution for your business transactions to carry out in a cashless and effective manner. With an Aadhaar mini ATM, you will be able to perform several functions like transferring of money and funds, withdrawing and depositing cash and more. Payworld offers you these services at a very convenient rate with a lower Aadhaar ATM Machine price. It is a portable device that can be used to withdraw the amount up to Rs. 10,000. It also gives you doorstep facilities with much comfort and ease. By getting Payworld’s Micro ATM Device, a retailer is all set to start doing the transactions with many conveniences.s The service benefits which Payworld grants to their agents are as follows. Quick service activation within two days: Once you have the Payworld’s Micro ATM device with you, then your service activation will be done in no time, and within 48 hours you will be ready to start your business and enjoy huge profits through it. Instant and quick credit of the margins received: After setting up your Aadhaar Micro ATM, you can easily do cashless as well as card-less transactions. The margins earned and received are high, and they get instantly credited to your account. Payout facility on Bank Holidays: Payworld also gives you the extra benefit of receiving payouts on various bank holidays. You can receive the payout amount approximately 24 hours after your bookings. The withdrawal limit varies from Rs. 100 to Rs. 10,000 per transaction: With Payworld, the withdrawal limit ranges between Rs. 100 to Rs. 10,000 on every cash transaction. The limit may also vary as per your debit card total limit. Attractive Margin to the distributor on purchasing a device Competitive Device Pricing to retailers Same AEPS Margin to Retailer & Distributors m-ATM Service available through WEB & Mobile Application Good customer Care Team Support /MIRA auto Support. Faster complaint /Grievance resolution
    9. What are the benefits and advantages of using AEPS services at Payworld India?

    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.

    10. Retailer to Customer Sales Pitches
    • 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.
    11. Why m-ATM device for you?
    • 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
    11. Why m-ATM device for you?
    • 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
    12. How to start your m- ATM services with Payworld?
    • 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.
    13. Why cash-point retailer buy m-ATM Device?
    • 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/-
    14. How can one get started with utilizing AEPS services with Payworld India?
    • 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.
    15. Tell me more about Payworld India.
    • 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.