Today a huge portion of the Indian population relies on Adhaar Enabled Payment System or AEPS services, for everyday bank transactions. Mostly belonging to rural India, this body of people is largely dependent on the closest AEPS agent and the nearest AEPS agency. This AEPS portal agent could be you.
Signing up for the AEPS agent registration process through an AEPS Portal is much easier than you would think.
Before we get to that, here is a brief look at what exactly an AEPS agent does.
What Will You Do as an AEPS Portal Agent?
Once you have finished the AEPS agent registration process you will become an AEPS agent. After that, you can help customers to do banking transactions like cash withdrawal, cash deposit, fund transfer, balance enquiry, mini-statement, aadhar pay services using the Adhaar Enabled Payment System service. You can register as an agent through AEPS portals.
For transactions you will be using a POS or Point of Sales system (which can be your computer or smartphone), you will also need a biometric device or you can also use Micro ATMs for the same.
Noble Web Studio is an API provider that can also provide you with Micro ATMs Service.
After AEPS Portal Agent Registration You are Able to Perform The Following Steps:
- Install a POS (Point of Sales) system on your desired device or acquire a micro ATM.
- As the AEPS agent, you will enter the unique identification number or Adhaar number and bank name in the software.
- Next, you will select the type of transaction (like balance inquiry, cash withdrawal. cash deposit, mini statement, and fund transfer).
- You will then ask the customer to authenticate their thumbprint through the inbuilt biometric device.
- The transaction is then finished at a relatively fast speed.
- As the AEPS agent, you will be able to generate a receipt of the transaction and the customer will get an SMS notification.
You Can Avail of The Noble Web Studio AEPS Software Services For The Following Benefits:
- It provides you with maximum speed and security
- It supports all banks.
- Noble Web Studio offers one of the best commission margins.
- You get fast real-time settlements.
- You can get daily bank account statements.
- Noble Web Studio can build you a website or an app with your own brand name.
- You get a really fast transaction speed.
What Do You Need In Order to Register as an AEPS Agent?
Different AEPS portals and API providers have slightly different requirements for AEPS agent registration. But some fundamental requirements remain the same across the board.
- If you are registering through a bank-operated AEPS portal you will need to open/maintain an account in that particular bank (eg ICICI Adhaar Pay).
- You need to be 18 years or older in age.
- You will need a recent photograph. It is advisable to have both soft and hard copies of the said photograph.
- You will need to have an Adhaar card.
- Some AEPS portals or API providers might also ask for additional address proof.
- You will have to wait for a short duration for the KYC verification process.
Noble Web Studio is known for its speed and efficiency when it comes to the registration process.
Three Steps of KYC You Need to Know About
- Offline KYC
- KYC Onboarding
- eKYC
Offline KYC
This is an important step that most bank portals will make mandatory, but some API providers like Noble Web Studio might allow you to bypass this process.
For the offline KYC process, you will be required to submit your personal details (as per your matriculation certificate or Adhaar card) like name, mobile number, email address, and photocopies of your Adhaar and Pan card.
The admins of the AEPS portal service provider or the API provider will verify all these details. If you have filled in the correct and up-to-date details then you have nothing to worry about, your journey as an AEPS agent will start soon.
KYC Onboarding
KYC onboarding refers to a second step where an associate will enter your offline KYC details in the system of your chosen AEPS portal service provider or the API provider. This step is done in order to process the provided KYC.
During this eKYC process, you will need to fill in your Adhaar card number and wait for an OTP to come to your registered mobile number. You will also need to authenticate your fingerprints during this process.
Once the fingerprint is found to be a match you will be able to use the AEPS service and your AEPS agent registration process will be over.
Some Final Thoughts:
The AEPS agent registration process might seem like a daunting process, but most service providers will be with you every step of the way. All you need to do is contact the AEPS portal service provider or an API provider like Noble Web Studio, and become best aeps portal for admin by serving top notch services to agents.
Request a Demo today and experience the best aeps portal services.