Aadhaar Enabled Payment System (AEPS) allows users to access banking services securely using their Aadhaar number and biometric authentication. It enables transactions like cash withdrawals, balance checks, and fund transfers, promoting financial inclusion, especially for those without access to conventional banking. AEPS is compatible with all AEPS-enabled outlets and supports seamless interbank transactions, making it a convenient option for digital payments and government subsidy distribution.
Aadhaar-based transactions.
Interoperable across banks.
Boosts financial inclusion.
Direct subsidy transfers.
The m-ATM (MP63) empowers retailers to provide essential banking services such as cash withdrawals, balance inquiries, fund transfers, and bill payments, even in remote locations. This innovative device promotes financial inclusion by making banking accessible to underserved communities. Retailers benefit by earning commissions on each transaction, creating a win-win scenario for both businesses and customers. The m-ATM is revolutionizing how financial services are delivered, improving convenience for everyone.
Retailer banking services.
Remote area access.
Financial inclusion boost.
Transaction commissions earned.
Simplify payments with UPI cash transactions via QR codes. By generating a code containing the UPI ID, amount, and note, users can make swift payments by scanning with their UPI apps. Transactions are processed instantly with multi-factor authentication for security, and users can track their history within the app. This method is compatible with all UPI apps and offers lower fees compared to traditional payment methods.
Quick payment process.
Instant transaction confirmation.
Secure multi-factor authentication.
Lower transaction fees.