How to Explore AEPS Business in Rural Areas?

AEPS app is a mobile application solution that allows merchants to offer all basic banking services to customers using Aadhaar authentication. Here I will tell you how you can explore your AEPS business in rural areas by using AEPS app.

So keep tuning with me if you want to boost your business or planning to start your own AEPS business.

What is AEPS?

AEPS is known as Aadhaar enabled payment system. This is a bank-led model which is started by NPCI (National Payment Corporation of India) in 2016 so that everyone can use banking service which leads to financial inclusion.

In simple language, AEPS allows all bank customers to use basic banking services by using Aadhaar authentication. To use banking service, customers Aadhaar card must be linked with a primary bank account.

Customers can use basic banking services by visiting nearby BC (business correspondent). To use banking services, he just needs an Aadhaar card and fingerprint authentication through the AEPS machine or biometric machine.

Why AEPS App is Important to Explore Your AEPS Business?

AEPS service is most aggressively used especially in rural and semi-urban areas where people are unable to get banking services.

If we talk about stats, almost 74% of people belong to rural and semi-urban areas where people hardly used laptops or desktop.

So as an admin if you want to explore your AEPS business in these areas, you must allow your members to offer banking services through mobile using AEPS app of your brand.

Offering AEPS service using the mobile AEPS app is very easy. Merchants have to install AEPS app of your brand in mobile and externally linked with AEPS machine or biometric machine for fingerprint authentication. Merchants can start offering AEPS service after AEPS registration.

So in this manner you can cover a bigger audience because today most of the people use mobile instead of a laptop or desktop.

Keep Reading: AEPS App with High Commission