AEPS is nothing but an Aadhaar-enabled payment system through which you can make withdrawals, make enquiry about bank balance, etc. AEPS allows customers to make payments using their Aadhaar number and by providing thumb/finger impression at biometric device.
Domestic Money Transfer – In this service, customer comes along with cash (Rupees) to Shop representative & request to transfer this money to any bank account in India.
This is similar to normal ATM where anyone can withdraw 10,000 Rs using debit card. Here the shopkeeper swap the card and request the card holder to enter the pin. Money gets credited in Shopkeeper account and Shopkeeper provide the money to the customer as Cash.
Sale by Card
Let’s say , you run a shop and the items you sell needs to be maintained in the account books. In such cases, you need to give sale invoice to the customer. Here, sale by card works. You can use Debit Card or Credit Card.
Sale by SMS
Let’s say, your customer wants some items from your shop and to be delivered to his/her place. You have sent the items but customer is not willing to pay cash. In such cases, you can send SMS to the customer mobile number & using online banking, payments will be done.
Customer can transfer the money to your account by scanning the QR Code using any app & you can provide cash or items which he/she wants.
This service has no charge because this is 100% free from NPCI.
You can make following bill payments using this option :
Mobile Post-Paid, Electricity, Landline, Data card, Cable TV, DTH, Piped GAS, Broadband, Insurance Premium Payment.
You can make following recharges using this option :
Mobile Pre-Paid & DTH
Airtel, BSNL, MTNL, Reliance JIO, Vodafone Idea.