A payment method where the only requirement is your exceptional Identification Number by which financial transactions can be produced with no need for ATM infrastructure. This system is widely used in thinly populated regions or under banked segments of society. Aadhar card holders can easily float through AEPS system. This has two Main benefits: 1.
AEPS (Aadhar Enabled Payment Method ) is a radical notion that provides online interoperable monetary trade at PoS (Point of Sale / Micro ATM). PayMonk provides services like Instant money transfer service, invoice payments, AEPS, IRCTC Bookings, Mobile/DTH recharge, etc.. A no. Of benefits associated with AEPS portal are: Cash withdrawal in the Micro ATMs