How to choose the best AEPS company in India? | Bill Payment
Best AEPS Company in India - iServeU

How to choose the best AEPS company in India?

Aadhaar enabled payment system (AEPS) as per the name suggest is done through Aadhaar card and for authentication fingerprint and iris scanning is done. Through this payment system, you can easily withdraw cash, enquire balance, or take-out mini statements in no time. Your bank account must be linked with your Aadhaar card. This payment system is regulated by RBI with a motto to help rural, daily wage workers, unemployed, underbanked, and unbanked people to make easy cash withdrawal without sharing their confidential information. This initiative is launched by the Government of India to promote a cashless society and to facilitate everyone to use online payment methods. Now you can find AEPS portals nearby as many retailers and banks are offering these services. Many retailers and business correspondents are registering themselves to AEPS pay and earning a good amount as commission. You can check out the best AEPS service provider company in India to earn commissions or to buy the AEPS software, so you can use it as your white label portal.

Services that you can avail through AEPS provider company

 Three services that every AEPS provider company gives:

  • Cash withdrawal
  • Balance inquiry
  • Mini-statement

Working of AEPS:

  • Your bank account must be linked with your Aadhaar number
  • You need to give your Aadhaar number and fingerprints for authentication.
  • Through AEPS Software, NPCI gets the details and verify them.
  • After verification, cash is transferred from your account to the AEPS franchise’s account.
  • After the successful transaction, AEPS Franchise provides a receipt to the customer as proof of transaction.

The process is instant and it’s the safest way to withdraw cash.

Benefits of AEPS service for merchants:

Here are some of the benefits of AEPS service for merchants:

  • Secure and safe.
  • Easy to set up and use
  • Minimal investment and offers very useful services
  • Provide a huge commission
  • Source of side Income
  • Popularize your shop by increasing the customer’s footfall.

Features of the best AEPS service provider companies in India

  • Nowadays there are many companies providing AEPS services but one must choose the one which is authentic and reputed.
  • iServeU is one of the best AEPS service provider companies in India, that provides AEPS software to many retailers and has almost 1,00,000 agents all over India.
  • iServeU provides services to many franchises so they can provide AEPS services to all who find difficulty in withdrawing money from the bank accounts due to lack of knowledge or due to difficulty in reaching nearby ATMs.
  • The best AEPS service provider companies in India have the aim to connect with more and more AEPS franchises so, they could cover all the unbanked people and rural people of India.
  • One should not rely on someone who doesn’t have their own company.

Different types of AEPS Franchise Business Model:

Choosing the Best AEPS Services Provider Company is an important factor to consider and for retailers to choose the best services is more than necessary. You can check out AEPS company list. As there are mainly four types of franchise models.

  1. Retailer
  2. Distributor
  3. Master Distributor
  4. Super Distributor

iServeU is one of the top AEPS service providers in India. It is one of the business correspondents. Through iServeU Aadhaar Enabled Payment System, without sharing your bank account details, you can share funds from one bank account to another quickly. You can do cash withdrawal, AEPS balance inquiry, obtain a mini statement, and do online shopping easily. The total number of transactions is limited to 10 &the amount is up to INR 10,000. Being a leading fintech firm in the AEPS company list, iServeU has covered 25000 villages and are associated with 1,00,000 agents who are working for rural people. If you want to avail of any of the services and the products from iServeU, visit at iserveu.in or to know more, call on 08338088000.