Ezeepay Blogs

To expand access to digital banking in India's rural areas, Shams Tabrez established Ezeepay Digital Bharat in 2018. Using the pre-existing retail infrastructure in these areas, the company's founders hoped to open new revenue streams for local entrepreneurs. Become an Ezeepay agent and get your business up and running with no money down. Understanding the Money Transfer Business The term " money transfer business " describes the business that transfers money between people or organizations, locally or worldwide. Banks, MTOs, and fintech companies compete in this sector by providing customers with various digital payment services. Globalization of trade and the proliferation of digital technology that provide instantaneous and low-cost money transfers have contributed to the market's meteoric expansion over the past few decades. Companies that deal in aeps money transfer must adhere to anti-money-laundering regulations established by the countries' governments...

Tips for AePS Agents to Avoid Fraudulent Activities AePS, also known as the Aadhaar-enabled Payments System, is a digital payment system that promotes financial inclusion in India. This system allows Aadhaar card holders to make payments using their linked bank account, provided they have the necessary requirements to complete the transaction. It is a user-friendly payment method similar to a credit or debit card. The National Payments Corporation of India developed AePS to enable transactions on micro ATMs or PoS machines by authenticating the biometric information of the Aadhaar card holder. Understanding the Functionality of AePS The functioning of AePS involves transferring money from one bank account to another by utilizing an Aadhaar card linked to the bank account. The user only needs to authenticate themselves through biometric verification, which includes fingerprints and iris. Once the UIDAI attests the fingerprint, the bank can proceed with the transaction. The followi...