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Mpayy’s
AePS Service
Using Mpayy’s AePS service, a retailer or a business correspondent can provide services such as cash withdrawal, cash deposit, balance enquiry, and Aadhaar Pay. Just like mATM, AePS is primarily used for cash withdrawal wherein a customer can perform banking transactions using Aadhaar as his/her identity.
The Aadhaar Enabled Payment System (AePS) is an initiative by the National Payments Corporation of India (NPCI) to encourage cashless transactions. The AePS service uses a fingerprint or an iris scan for biometric verification, ensuring high security for each transaction.
Why retailers prefer to become
Mpayy AePS Service Provider
Higher Commission
Grow your Business and Earn Extra Income
Regular Product Training
Best in Industry Sales Support
Dedicated Customer Service Team
Frequently Asked Questions
Aadhaar ATM is another name for Aadhaar Enabled Payment System (AePS). This system enables a person to withdraw cash or make payments from the bank account linked to his Aadhaar using his biometric. In addition to a micro ATM, this is another easy and safe way to withdraw cash.
AePS service helps customers withdraw small amounts without visiting an ATM or a bank.
To withdraw cash using AePS, a customer needs to visit the nearest Mpayy agent (DBO) and enter his/her 12-digit Aadhaar number in the app or the portal. He/she then needs to authenticate the transaction by giving biometrics like a fingerprint or an iris scan. The amount withdrawn will be credited to the retailer’s Mpayy wallet immediately, and he will hand over the cash to the customer.
Mpayy’s AePS registration process is very smooth and simple. If the retailer has a physical store and basic documents like Aadhaar and PAN card, then he can get a Mpayy agent ID by calling. For more information, he can also fill out the Contact Us form and our team will get back to him.