AEPS Services in Globezen Pay
AEPS (Aadhaar Enabled Payment System) is a service offered by GlobeZen Pay that allows customers to perform financial transactions using their Aadhaar number and fingerprint as authentication. These transactions include balance enquiry, cash deposit, cash withdrawal, and fund transfer. AEPS allows customers to access their bank accounts and perform financial transactions without the need for a debit card or credit card. This service is particularly useful for individuals who do not have access to traditional banking services or for those who prefer the added security of using their Aadhaar number for transactions.
Globezen Pay- A Unit Of Globezen Fntech Pvt Ltd.
AEPS is a banking service provided by the National Payments Corporation of India (NPCI) which allows customers to access their bank accounts through a micro-ATM or a mobile device. With AEPS, customers can perform various financial transactions such as cash deposit, cash withdrawal, balance enquiry, and fund transfer using their Aadhaar number and fingerprint as authentication.
The service is particularly useful for individuals in rural areas or those who may not have access to traditional banking services, as it allows them to perform financial transactions without the need for a debit card or credit card. AEPS also helps to reduce the risk of fraud as it uses biometric authentication, which is considered to be more secure than traditional methods such as passwords or PINs.
GlobeZen Pay is one of the leading providers of AEPS services in India, it offers a wide range of services to its customers, including AEPS, mobile recharge, bill payments, and more. The company aims to provide its customers with easy access to banking services and financial transactions through its platform.
Customers can access the AEPS services of GlobeZen Pay through a micro-ATM or a mobile device, by downloading the GlobeZen Pay app and linking their Aadhaar number to their bank account. Once the customer has linked their Aadhaar number to their bank account, they can perform financial transactions by providing their fingerprint as authentication.
What is AEPS?
AEPS stands for "Aadhaar Enabled Payment System." It is a system that allows individuals to use their Aadhaar number and fingerprints or iris scan as a means of authenticating financial transactions, such as withdrawing or depositing money, through a micro-ATM. This allows individuals to conduct financial transactions without the need for a traditional bank account or debit card. The system is intended to provide a convenient and secure way for individuals, particularly those in rural areas, to access banking services.
At Globezen Pay, we not only add the AEPS Agent or AEPS Distributor to our network, but also take steps to guide them in earning more. Anyone can join our network with a simple AEPS Agent registration form that needs to be filled.
AEPS is a type of financial transaction service that is based on the Aadhaar system, which is a government-issued identification number that is linked to biometric information such as fingerprints or iris scans. The AEPS system allows individuals to use their Aadhaar number and biometric information to authenticate financial transactions, such as withdrawing or depositing money, through a micro-ATM or a point of sale (POS) device.
This system is intended to provide a convenient and secure way for individuals, particularly those in rural areas, to access banking services. It eliminates the need for traditional bank accounts or debit cards, and it can be used to access a variety of services including balance inquiry, cash withdrawal, cash deposit, and mini statement. Additionally, AEPS transactions are processed in real-time, making it faster and more efficient than traditional banking methods.
The AEPS service is provided by the National Payments Corporation of India (NPCI) and is available at all banks and financial institutions that are part of the Aadhaar ecosystem. The service is also available at various business correspondent outlets, such as retail shops and post offices, which are authorized to provide AEPS services.
AEPS is particularly beneficial for people who do not have access to traditional banking services or for those who are not comfortable with using digital channels. It also helps people who want to transfer money to their family members or friends and for people who want to make payments for various services and government schemes.
How does it work?
AEPS (Aadhaar Enabled Payment System) works by using an individual's Aadhaar number and biometric information, such as fingerprints or iris scan, to authenticate financial transactions. The individual's biometric information is used to verify their identity and ensure that the transaction is being conducted by the Globezen Pay authorized person.
For Agents :- Once the AEPS Agent registration is done, your Globezen Pay AEPS Agent login id will be generated. The process of AEPS is very simple.
The process of making an AEPS transaction typically involves the following steps:
- The individual visits an Globezen Pay AEPS Agent outlet.
- The individual provides their Aadhaar number to the Globezen Pay AEPS Agent.
- The individual uses their biometric information, such as fingerprints or iris scan, to authenticate themselves.
- The system verifies the individual's identity and links it to their Aadhaar number.
- Once the identity is verified, the individual can conduct the desired financial transaction, such as withdrawing or depositing money.
- The system records the transaction and updates the individual's account balance.
- The individual receives a receipt for the transaction.
AEPS transactions are processed in real-time and are secure as the biometric information is verified by UIDAI (Unique Identification Authority of India) servers. AEPS transactions are also inexpensive, making it accessible to all segments of society.
