India has become one of the most doting countries when it comes to digital transactions. Before the year 2010, most of the population relied on physical wallets and cash transactions. But the scenario has completely shifted in today’s time, where more and more people are moving towards the digitization of money. AEPS services in India are growing into multiple folds, and seeing the coming trends, it is only going to increase. In this article, we will be discussing some essential features that make AEPS software trustworthy.

What is the Aadhar Enabled Payment System – AEPS Meaning?

AEPS is short for Aadhaar Enabled Payment System, which lets users take advantage of banking services and make transactions via unique codes, identification numbers, and fingerprint authentication. To use AEPS, one must link the Aadhaar card to the bank account. National Payment Corporation of India (NPCI) developed the AEPS service to facilitate a cashless society. The entire system has been developed to allow users to make transactions even if there are no banks nearby! Not only banking facilities, but AEPS software also helps in generating vital businesses; one can start own banking services using AEPS software and mint in green!

12 Top Features of AEPS Software

1. Safe and Secure Banking Method

AEPS software renders one of the safest ways of using banking services. For starters, every customer has to use a ‘fingerprint’ to authenticate the system. The whole point of using a fingerprint as a pin is to make it one of the most secure transactional services for users.

In addition, there are other security tools like two-factor authentication to make privacy more legitimate and keep one’s account away from unwanted functionalities or activities. All in all, we can proudly say that AEPS is one of the more secure banking methods in current times.

2. Smooth and Easy Usage

The whole process of using AEPS software is simple and a ‘one-time’ effort.

The process includes a customer visiting the nearest AEPS service provider or banking point and rendering an Aadhaar card number. And then, the customer must choose the banking transactions and use fingerprint authentication as the unique pin. That is all.

Banking services via AEPS are a pretty convenient choice for everyone. No matter how educated you are, the process is the easiest for everyone.

3. All Banking Services under one umbrella

While using AEPS software, one can utilize all kinds of banking services using a single software. Without paying extra money and just using your Aadhaar card, you can perform all of the following services with AEPS:

• Money Transfer
• Cash Deposit
• Cash Withdrawal
• Balance Enquiry
• Mini Statement

Not just for customers, but it is cost-effective for service providers as well. These are all basic services used by customers and you can provide these essential services without putting costs into any other additional software.

4. Facilitating all Banking Transactions

Another amazing feature of AEPS Software is that it does not discriminate. You can use AEPS software for its services no matter which bank you have your account in. National Payment Corporation of India (NPCI) has developed the software in such a way that it supports transactions via each and every bank.

5. Panel Control

Even though the admin does not own the company or the portal, for that matter, the admin still has complete control of the software panel. Admin has all rights to make any changes in the panel. Admin has the authority to manage the business and its services. Along with making changes, the admin also has all the information about members on the portal. One can add or remove members, moderate commission, and so on.

In addition, the admin can also give roles to various members of respective teams based on what department they belong to.

6. Complete Customization

Our software is prominent AEPS software in India, and we render full customization on our AEPS software. As per the requirements of your business, you can make any changes to the portal. Dashboard features, logo, color scheme, design, and layout are among many changes that can be made to the portal.

At the same time, you are not just bound to work with us. You can also provide AEPS services to other banks and integrate their APIs into our portal to offer services.

At last, we provide a fully customized portal that you can alter as per your comfort and demands.

7. Services on/off at ‘one click’

When we talked about offering control to the admin, we meant it. If an admin wants to turn off any service that a client doesn’t want or just any unwanted activity, just a single click is required. The admin just has to visit the profile of the particular members and disable the service with one click. That’s simple.

8. Report Section for Business Analysis

In any form of business, reporting is seen to have a major impact, and therefore is important to analyze the performance and outcomes. AEPS software by Noble Web Studio renders a comprehensive report section where one can inspect and analyze all the details of any transaction made.

It includes verifying and checking profit and loss, lifetime transactions, live transactions, daily transactions, balance in the wallet, and more.

9. Commissioned UPI Collection

UPI services are very much prevalent in today’s world. PayTM, BHIM, Google Pay, and more such banks render collection services via UPI.

But we provide UPI collection services with a commission. Members can earn commission as and when they collect payment via UPI by utilizing our UPI collection feature.

10. Micro ATM services

Micro ATMs are a more compact and petite version of ATM machines. With micro ATMs, one can utilize banking services with debit cards. It is very much possible for people to use AEPS services through these micro ATMs, especially when fingerprints are not detected or you are not carrying your Aadhaar card with you.

The method of using micro ATMs is very much similar to using AEPS software. Here, one can use a debit card in place of an Aadhaar card and add a unique pin that can be used in place of a fingerprint.

11. Extended Withdrawal Limit

With AEPS service, a person is allowed to withdraw up to Rs. 10,000 from a single bank account. But in a case where one needs more than Rs. 10, 000; you can do it using our Aadhaar Pay Service. You can withdraw up to Rs. 50,000 from a single bank account.

This feature automatically increases convenience as it increases the withdrawal limit.

12.  24/7 Real-Time Settlements

In most of the panels, one of the major issues is settlement initiated from the wallet of AEPS towards the bank account. To solve this issue, our AEPS portal now has an integrated Express payout and AEPS payout service. Therefore, one does not have to wait for settlement.

With the new express payout service, one can get 24/7 services in terms of payout. The difference here is that with Express payout, members are able to take settlements in multiple accounts. This feature can also be used for money transfer services for clients and customers.

AEPS Software – The Final Thought

AEPS Software is the need of the hour and is going to grow tenfold in the coming years due to its convenience of use and vitality. As per our lifestyles, such software is a boon to the community. Noble Web Studio is a leading AEPS software solutions company in India. Along with such doting services, we also offer high commissions and multi-service facilities for our clients.

So if you are looking to build a new AEPS business, you are at the right place!