MOS World

Aadhaar Enabled Payment System (AEPS) is a type of payment system that is based on the Unique Identification Number and allows Aadhaar card holders to seamlessly make financial transactions through Aadhaar-based authentication. The AEPS banking service aims to empower all sections of the society by making financial and banking services available to all through Aadhaar.      Advantages Of AEPS: . AEPS is helping people in using banking services especially in rural areas   No need of PIN or OTP. . Only thing required to use banking service is Aadhaar card. . AEPS is safe and secure method of using banking. . Helping in economy through financial inclusion. . Bringing all sectors of society into same banking platform. . Anyone whose account linked with aadhaar can use AEPS. . AEPS is helping banks to penetrate banking service at lowest investment with     effcetive results. . Shopkeepers can use AEPS to accept payments, While customers can use AEPS to p...

 Multilink is a next generation financial service provider that specializes in long term distribution. Starting its operations in 2008, the company has come a long way to service an impressive nine million transactions per month and manages over 300 employees. The company is connected to a network of 1 lakh+ agents, 3,000+ distributors, 200+ master distributors, more than 60 API partners, and still growing all across India. It is also associated with some of the Megacorps like IRCTC, Bank Of India, Yes Bank Limited, MTDC, IATA, TATA AIG, Kotak life, UTI providing services of Banking, Travels, Insurance, Utility and Entertainment since 13 years. As a technology partner to the key governments, Multilink will now be extending their hand towards Prepaid Open Card and Cash Management Service (CMS) including NSDL Payments Bank. Multilink believes that branchless banking tie-up will give a boost to its online presence and more people will be able to avail themselves to use banking facilit...

 Aadhaar Enabled Payment System (AEPS) is a type of payment system that is based on the Unique Identification Number and allows Aadhaar card holders to seamlessly make financial transactions through Aadhaar-based authentication. The AEPS banking service aims to empower all sections of the society by making financial and banking services available to all through Aadhaar.   Services Offered by AEPS Banking Service: Cash Deposit. Payment Transactions (C2B, C2G Transactions). Balance Enquiry. Cash Withdrawal. Aadhaar to Aadhaar funds transfer. Features & Benefits of AEPS Banking Service: Easy to use Safe and secure payment method Interoperable across various banks Through AEPS , all bank account holders will be able to access their bank accounts through Aadhaar authentication. With AEPS, the only information required to initiate a transaction is Aadhaar number and biometric information. AEPS facilitates disbursements of Government schemes like NREGA, Social Security pens...