AEPS full form is aadhaar enabled payment system. This is one type of banking model that help people to use banking via unique identity number that is aadhaar card number.
By using aeps service a bank custom whose bank account linked with aadhaar card can use aeps service.
By using aeps service, you can operate all basic banking services like cash deposit, cash withdrawal, fund transfer, mini statement and balance enquiry.
Today most of Kirana stores in rural areas using mATM machine to provide aeps service as well as accept payment of goods and services.
AEPS is helping people to get easy and fast banking specially in rural areas. Now not only in rural areas but also urban sectors of society using aeps for banking services.
In short we can say, today the role of aeps in banking is awesome.
Along with providing banking assistance, aeps is generating employment opportunities in India.
Check out how you can start your own aeps business with best aeps service provider company.