Aadhar enalbed payment system software download for pc

Under these circumstances the Aadhaar Number has become an important tool for linking the banking systems across the country.

Aadhaar Enabled Payment System AEPS is a payment service empowering a bank customer to use Aadhaar as his identity to access his respective Aadhaar enabled bank account and perform basic banking transactions like balance enquiry, cash deposit, cash withdrawal and remittances. The AEPS model enables banks to extend financial services to the clients beyond their branch network as beneficiaries of the business correspondents are mostly located in unbanked or underbanked areas.

Some of the other benefits of AEPS include:. Keeping the above-mentioned factors in mind, C-Edge has come up with its own Aadhaar payment solution.

It is easy for merchants, as they only need to arrange for a smartphone and fingerprint scanner. The amount withdrawn along with commission is instantly transferred to the wallet. AePS only allows transactions from Aadhar linked bank accounts in the presence of the bank account holder after verification. Thus, it is a safe and secure system to withdraw money. Enables customers to withdraw cash without cards Easy and secure way of cash withdrawal Any bank account holder can access basic banking services by simply authenticating transaction with their identities by verifying their biometric details Enables customers to withdraw DBT, Government relief funds and cash from their Aadhar Linked Bank Accounts Cardless Secure Cash Withdrawal!

Benefits to customers: Cardless cash withdrawal from Aadhar Linked Accounts Easy and secure method Helps the unbanked and underbanked sections to access basic banking facilities Balance enquiry and mini statement facilities Interoperable across multiple banks Can add upto 15 bank accounts Amount instantly move to bank account Services Offered through AePS Transaction: Cash Withdrawal Balance Enquiry Mini Statement How to withdraw money Aadhar Card? Go to the AePS segment, and select service out of the options available.

Fill in the required fields with details of the Aadhaar linked bank account and account holder details. Become a Retailer and earn upto Rs.