AEPS is a banking model that allows us to perform banking transactions using an Aadhaar card. There are many sectors of society that are still underprivileged and apart from banking facilities. For more empowerment of banking in these areas, NPCI started this service.
If we talk about the working flow of this service is quite simple. Banks under NPCI provide services to all fintech companies in form of API whereas these companies integrate this Id into the software.
These companies provide this software to admin who further creates teams as master distributors, distributors, retailers and finally service offers to customers. So this is a very simple and clear flow of AEPS.
Against of service each and every level earn a commission on all banking transactions. Admin is the higher authority who has complete control over software and process.
Check out who is the best AEPS service provider company in 2022.
