Do you want to know the best AePS API service provider in India? This space can be crowded and technology can be misinterpreted and complicated. As there are many apps and websites pertaining to AePS API solutions. Thus, this is the right place for you. 

RBP Finivis Pvt Ltd is among the leading aeps api service provider. All the principles could be implemented if the businesses were self-same two years ago but guess what? The businesses are not the same. Banks are still ravaged by days-consuming tasks. 

Aadhaar enabled payment system aeps plays a significant role in banks and Fintech companies in India over a few years.

If you are looking for a business in the fintech industry, you must be aware of aeps api solution. And when it comes to aeps you should know about the best aeps service provider company which provides security and availability of all basic banking services through its API & SDK solution. But what exactly is aeps api and why is it so important for the people residing in rural or semi-urban areas? We have the answers to all your questions.

AePS refers to aadhaar enabled payment system that allows payments using aadhaar card. However, aeps api provider companies in India are the companies that provide API (application programming interface) through which any individual who is willing to start fintech business can easily set up his/her fintech firm without much effort. These api provider companies design and develop apis and sdks as per the clients’ requirements. 

RBP Finivis Pvt. Ltd. is among the aeps api provider in india which has been working to cater to the financial needs of millions of low and moderate-income people residing in rural and semi-urban areas. We have come into the market as a FinTech industry to help other businesses to walk in as successful FinTech businesses.

RBP Finivis is the leading AePS API provider company in India that provides complete AePS software, AePS API integration, and AePS payment solution with the best support. We provide API integration services with real-time settlement, robust technology, enabling financial inclusion and banking solutions to start a FinTech business.

What is AePS? Where and When it can be Beneficial?

AePS is Aadhaar based payment system. This payment system is launched by the government of India under the National Payments Corporation of India (NPCI) and was initiated by RBI. It is a bank-led model that allows online transactions using Aadhaar authentication. AePS enable the following six types of transactions:

Massive growth has already been made by banks to bring financial inclusion in the country to help human society. But, a large number of rural and urban poor people are still lagging to have access to their basic bank account, which is an important first step towards financial inclusion. However, it is not possible to set up bank branches and large ATMs in remote rural areas. Thus, Micro ATMs are the most suited substitute to overcome the lack of such facilities.

AePS is an Aadhaar based payment system for the solution of all your banking transactions. This system is card-less and pin-less. With the support of AePS API Provider Company, you can receive and send payment from any bank using your Aadhaar number and biometric authentication. This service is available 24*7. Therefore, AePS is an interoperable and easily accessible mode of transactions without the use of account numbers and other bank details. It has been flourished more in rural areas and gained popularity during Covid 19 pandemic and successive lockdowns.

Why is it necessary to understand the concept of financial inclusion and financial involvement?

Financial inclusion is the notion that everyone in our society has the right to have the ability to be involved and properly participate in the financial mechanisms of the country. There are many poor households, especially in the rural areas of India that do not have any access to the country's financial services. Many people are not aware of financial management, banks, their benefits, and their functions. Even if they know about the existence of banks, many people do not have the required access to avail services from these banks.