RBP Finivis Pvt. Ltd. is among the aeps api provider in india which has been working to cater the financial needs of millions of low and moderate-income people residing in rural and semi-urban areas. We have come into the market as a FinTech industry to help other businesses to walk in as successful FinTech businesses.

Here, FinTech refers to financial technology that is used to support or enable banking and financial services. And we are present with our various API-oriented services across the boundaries such as AePS, Micro ATM, Bharat Bill Payment System, and Domestic Money Transfer. Out of these, let us discuss one of our unique API & SDK i.e. AePS (Aadhaar Enabled Payment System).

A Convenient Platform To Perform Banking Transactions Using Aadhaar Card:

AePS Service via compatible API and SDK, developed by NPCI with the initiative of RBI is a simple and highly secure financial transaction system for Indians using Aadhaar linked bank accounts. However, AePS supports easy card-less and pin-less cash withdrawal, balance inquiry, mini statement, and Aadhaar to Aadhaar fund transfer services with Aadhaar number and biometric verification. We at RBP have the perfect solution with AePS API banking services; we have been able to provide instant payment services and much more. So, now with the AePS API provider, you can do banking instantly, securely, and seamlessly without any hassle.

Put Your Steps Forward and Start Your AePS API Business (Invest Low & Earn High):

Markets are not the same as they were decades ago. Change is happening and it is happening fast. When it comes to banking, organizations are transforming digitally to keep pace with the changing landscape and it is time to integrate your enterprise or start your entrepreneurship journey directly with the digital banking system, introduced by RBP Finivis, an API provider company in India. It offers secure, reliable API solutions simplifying banking for outlines with proven results.

Our AePS API allows you trusted interoperable financial services to directly connect to the bank system with end API integration for payment processing and fund transfer happens on a real-time basis and gets automatically updated with payment status needs. Isn’t that simple?

Key Features Offered By RBP Finivis an AePS API Provider:

·         Secured and reliable API banking solution with 24*7 help support

·         The flexibility to authenticate financial transactions on the move using Smartphone or laptop

·         Easy to implement

·         Economical with low investment and high earning

·         Interoperability to expand your business

Hence, it is amazing that with the up-gradation in financial technology, there has been a rapid change in the financial system from traditional to digital. With an AePS API provider company in India like RBP Finivis, one can start his own branded API business and grow in this fast-changing world that offers more relaxed and quick banking services, unlike old traditional modes. After being aware of all these wonderful features, are you curious to know more?

For more information you can visit our website or by direct contact us on our toll-free number:

Visit us: https://rbpfinivis.com/

Contact us: 18004196571

What is AePS? Where and When it can be Beneficial?

AePS is Aadhaar based payment system. This payment system is launched by the government of India under the National Payments Corporation of India (NPCI) and was initiated by RBI. It is a bank-led model that allows online transactions using Aadhaar authentication. AePS enable the following six types of transactions:

·  Cash withdrawal ·  Cash deposit ·  Balance inquiry ·  Mini statement ·  Aadhaar to Aadhaar fund transfer ·  Aadhaar pay

Any customer having a bank account linked to Aadhaar can enjoy the facilities of this amazing service by visiting an AePS agent or business correspondent having AePS portal. Here, you can make your payments easy using your Aadhaar card and fingerprint detection. There is no need for any bank details such as account number and IFSC code, only bank name, type of transaction, and transaction amount need to be given.

Now the question arises where it could be advantageous? Suppose, if you go to a retail shop to purchase some household items but you forgot to take your credit/debit card and don’t have enough cash, then AePS is the best option for you. Nowadays most people carry a soft copy of their Aadhaar on their phones.

Become AePS API Service Provider with our user-friendly API & SDK

We at RBP Finivis developed a user-friendly API & SDK with which you can facilitate the best AePS API services to your clients. So, as an AePS API Provider, we are offering you a wide range of FinTech APIs that can be integrated with business correspondent’s payment portals or they can create something of their own with their brand name and logo.

If you are willing to buy API from RBP Finivis Pvt. Ltd. you can feel free to reach us by visiting our website – https://rbpfinivis.com or you can directly contact us via Email – [email protected] Toll-free no. – 1800-4196-571

Benefits of AePS API to Customers

There are many advantages of this system. Some of them are:

·  It works with biometric authentication, so it is safe and free from fraudulence.

·  There is no need to remember any pin or password

·  Instant payments without a Smartphone

·  Service available 24*7

·  Make payments and do cashless shopping

·  Instant complaint resolve

·  Easy refund, in case of any technical issue

Conclusion

The 21st century is a technology-friendly era. Here we are living in a world where life is hassle-free due to the advancement in technology. With this advancement, our government thought to take banking services towards digitalization. With the support of NPCI and RBI Aadhaar Enable Payment System was launched in India to offer basic baking services to remote areas. As bank branches are not often available in remote areas, so to sort out their issues various AePS API Provider Companies developed customized APIs. These APIs are delivering innovative services to the common man. Apart from this offers opportunities to unemployed people to start their business and earn income with lots of offers and schemes.

Why is it necessary to understand the concept of financial inclusion and financial involvement?

Financial inclusion is the notion that everyone in our society has the right to have the ability to be involved and properly participate in the financial mechanisms of the country. There are many poor households, especially in the rural areas of India that do not have any access to the country's financial services. Many people are not aware of financial management, banks, their benefits, and their functions. Even if they know about the existence of banks, many people do not have the required access to avail services from these banks.

What led to bringing about the AePS system?

The financial exclusion of a vast number of people is a major problem that has been ongoing for many decades. With the advent of technology, the Government of India has taken many steps to bring access and awareness of financial services to the people. One of the main reasons for bringing about this facility was the low literacy rates in rural India.

Detailed studies reveal that literacy rates in rural areas were shown at 71%, compared to 86% in urban areas. The proportion of people who have graduated from a higher level of education was more in the urban areas than in the rural areas. This survey on 'Social Consumption: Education' was conducted across India by the National Sample Survey Office (NSSO). This highlights a big gap in India in the context of average literacy rates.

Along with the issue of accessibility of banking services, there is a huge need to bring the large segments of the country’s population into the banking system. This helps people make use of available resources that are regulated, like taking a loan. Such a move would stop the monetary exploitation of people by unscrupulous and dubious persons. It also opens them to a whole new world of banking abilities and amenities. However, everyone agrees that it is very difficult to accomplish such a goal due to a vast majority of the Indian population staying in rural or remote areas. So, this is precisely why such an initiative was launched under the Financial Inclusion goal. What is an API?

Before you learn everything about the AePS system, you need to first understand the meaning of an API. API stands for Application Programming Interface. They are a set of functions and procedures that allows an application to access data and features of other applications, services, or operating systems.

Let's take an example - you want to order food from a restaurant. You visit the establishment and have decided what you want. All you need to do is to communicate your order to the kitchen staff. This is handled by a waiter who passes your order to the chef. After your meal is prepared and ready, the waiter brings it to you.

In this scenario, the kitchen is the back-end software system and the waiter is the API. Basically, APIs help two different types of software to communicate and exchange data with each other. Now that you know what an API is, let us move on to the revolutionary Aadhaar Enabled Payment System or AePS. What is an AePS API?

Aadhaar Enabled Payment System, also known as AePS, is a payment system that is helmed by the National Payments Corporation of India (NPCI). You can avail banking services such as cash deposit and cash withdrawal, inter-banking and intra-banking money transfer, eKYC, and balance enquiry. To start availing these facilities using AePS, the individual must be an Indian citizen and have their Aadhar card linked to their bank account. Once linked, to avail of the services, it only requires the submission of the Aadhaar number along with the biometric verification of the individual. The benefits of the AePS Payment System:

Although recently launched, there are many benefits that people can take advantage of by using the AePS payment system. AePS paves the way for account holders to successfully complete banking and non-banking transactions with just their Aadhaar number and biometrics for verification. The use of biometrics to authenticate every transaction makes the entire system safer to use and makes it hard to defraud.

Start aeps services with mego pay aeps cash withdrawal service provider portal to make use of financial services like cash withdrawal, check the balance and get mini statements of their transactions without the need of a debit card.

Mego pay is one of the emerging aeps service provider company in India that offers all the above-mentioned banking services at the ease of consumers. As we all know today’s world is a technology-driven world. Technology has made our lives easy and comfortable by availing us of most of our requirements effortlessly.

Benefits of AePS

AePS is a foundation for aadhaar empowered banking services with several benefits. Let us have a look at some of them;

1.       AePS ID Free

It is really a great business opportunity for retail shop owners. Just by downloading mego pay app and completing aeps registration for free, they can become mego agents at their same retail shop. Also, we have put forward a distributor mode, under which a distributor can hire a number of retailers.

2.       Earn High Commission

Through mego pay retailer can start earning using aeps cash withdrawal service. They will get good commission on every aeps transaction.

3.       No Requirement of a Debit Card for a Transaction-

AePS transactions carry out using aadhaar numbers, so there is no need for any debit/credit card for cash withdrawal or any other basic transaction. The system works after the verification of aadhaar number with biometric detection.

How Does AePS Work?

Just by remembering 12 digits aadhaar numbers and fingerprint authentication one can avail of financial facilities in their neighborhood via aeps agent. If the fingerprint matches with the unique identification number i.e., aadhaar number then the bank will proceed with the transaction. Few things must be involved if one wishes to make transactions;

1.       Banking correspondent and the medium through which you wish to make the transaction

2.       Aadhaar linked bank account

3.       UIDAI for authenticating a fingerprint

4.       NPCI for settlement of the transaction.

Look! How Simple And Easy to Use AePS?

It is really very easy to make use of this financial facility. You need to follow a few steps as given below:

·         Visit the nearest mego pay aeps agent in your locality

·         Give your 12- digit aadhaar number

·         Select the type of transaction you wish to make.

·         The next step is to select the concerned bank in which you main your aadhaar linked account.

·         In case of cash withdrawal, enter the exact amount carefully.

·         To complete the transaction, you need to verify your fingerprint using a fingerprint scanner

·         Once verified, the transaction will take place instantly then you will receive a receipt and an SMS from your bank.

Now you can get AePS admin portal easily to start your fintech business. We are available 24/7 to support our valued clients and offer the best experience in the industry.

AePS API provider in India | Aadhaar based transactions