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Aadhaar Enabled Payment System (AEPS)

My Way Genpay has launched one of the most advanced payment service of Aadhaar Enabled Payment System (AEPS). AEPS is a payment service developed by the National Payments Corporation of India (NPCI) allowing banks, financial institutions to use “Aadhaar” number and online UIDAI authentication for transactions and operate as a Micro ATM where he can do the Cash Withdrawal/Cash Deposit and Balance Enquiry by using a certified Biometric device with Thumb Impressions.

Benefits of AEPS

  • Easy cash withdrwal with just thumb impressions.
  • AEPS empowers an agent/retailer to become a Micro ATM.
  • AePS Micro ATM can set up in just three Easy Steps
  • Card less transactions
  • You will earn on every transaction that you do on behalf of your consumer.
  • Customers dont need to stand in long bank queues to avail banking services
  • AePS Micro ATM can be set up at a very small cost with a portable device
  • Removes complications of remembering the PIN and other verification codes
  • Reliable Low risk system governed by NPCI
  • Zero transaction cost to customer
  • Increased footfall shall result in increase of your core business
  • Removes physical KYC documents barrier
  • Inter-operable device and can work for any bank
  • Reach to remote locations
  • Easy to carry, easy to setup anywhere in the remote area