OASYS PAY

AEPS App | Cash Withdrawal Portal Provider Company | Agent

What is AEPS ?

Aadhaar enabled Payment System (AEPS) is a protected payment method provided by the National Payments Corporation of India (NPCI) that allows aadhaar linked bank account holders to avail basic banking.
Fingerprint authorization is done using a bio metric device to avail the service.
Customers simply need to tell their 12-digit Aadhaar number or VID (virtual ID) which is link to their respective Bank.

Benefits for agents

Becoming OASYS PAY agent is a profitable business opportunity
Register for AePS service and convert your shop to a mini ATM
Perfect solution for their AePS related needs
A long term business association
Big profits with small investments
You can convert your shop in mini ATM
Earn Maximum and Instant Commission
Earn Commission on every Transaction
Instant Commission Settlement
Increase the earning
Become a trustable person

Benefits for Customer

Withdrawals of cash without any card via Aadhaar authentication
Easy and secure cash withdrawal and balance enquiry.
AEPS has approach to every section of the society, so that even rural communities and elderly people of the urban areas can utilize the fast and reliable basic banking service.
Any bank account holder or customer can access banking services by simply identifying their identity with the help of biometrics and Aadhaar numbers without having to remember the account number.
Inter-operable across multiple banks.
Mini statement
Cash Withdrawal
Balance Enquiry
Withdraw cash from account of any bank without visiting bank or ATM
Safe; completely digital; paperless
Fast, hassle free, using only fingerprint
Service availability beyond banking hours and holidays

Services Offered by AEPS

Cash Withdrawal
Balance Enquiry
Mini statement

Frequently Asked Questions

Under AePS currently,the following services are present:

Cash Withdrawal
Balance Enquiry
Mini statement

eKYC is Electronic Know Your Customer. It is an electronic way of doing real-time KYC of a customer using Aadhaar authentication. The Customer has to provide his/her Aadhaar number and biometrics/OTP. eKYC enables an organization to get an electronic copy of customer identity and address details, as present in the UIDAI database, with customer consent

The benefits of AePS are as follow:

Aadhaar enabled Payment System is easy to use, safe, and secure payment platform to avail benefits by using Aadhaar number & biometrics.
Aadhaar enabled Payment System is based on the demographic and biometric/iris information of an individual, it eliminates the threat of any fraud and non-genuine activity.
Aadhaar enabled the Payment System to facilitate disbursements of Government entitlements like NREGA, Social Security pension, Handicapped Old Age Pension, etc. of any Central or State Government bodies using Aadhaar authentication.
Aadhaar enabled Payment System facilitates inter-operability across banks in a safe and secured manner
Reaching the unreached - The model enables banks to extend financial services to the unreached clients beyond their branch network as beneficiaries of the BCs are mostly located in unbanked and underbanked areas.

eKYC as a product has the following benefits:

Paperless
Cost-effective
Prevent Identity hacking and forged documents
Safe & Secure
Instantaneous

RRN number is a 12 digit number generated to record the transaction and to identify a transaction uniquely.

What I can do when transactions declined at the BC location and the account gets debited/credited incorrectly by the acquirer/issuer Bank?

In such a situation one should visit the bank where his/her account is located i.e. the nearest branch of the issuer bank.

Business Correspondent (BC) is an approved Bank Agent providing basic banking service using a MicroATM (terminal) to any bank customer wishing to avail their bank BC service.