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Utilizing Payrite Payment's AePS service, a retailer or business correspondent can extend an array of essential financial services, including cash withdrawal, cash deposit, balance enquiry, and Aadhaar Pay. Much like mATM, AePS primarily facilitates cash withdrawal transactions, allowing customers to conduct banking operations using their Aadhaar credentials. The Aadhaar Enabled Payment System (AePS) stands as a groundbreaking initiative by the National Payments Corporation of India (NPCI), aimed at fostering cashless transactions. By employing biometric verification through fingerprint or iris scans, the AePS service ensures stringent security measures for each transaction, instilling trust and confidence among users. .
Utilizing Payrite Payment's AePS service, a retailer or business correspondent can extend an array of essential financial services, including cash withdrawal, cash deposit, balance enquiry, and Aadhaar Pay. Much like mATM, AePS primarily facilitates cash withdrawal transactions, allowing customers to conduct banking operations using their Aadhaar credentials. The Aadhaar Enabled Payment System (AePS) stands as a groundbreaking initiative by the National Payments Corporation of India (NPCI), aimed at fostering cashless transactions. By employing biometric verification through fingerprint or iris scans, the AePS service ensures stringent security measures for each transaction, instilling trust and confidence among users. .