FinXpay is committed to bridge the digital divide between urban & rural India by providing basic banking & financial services to everyone – securely and instantly. FinXpay’s banking solutions have made services like Cash Deposit, Withdrawals, Balance Enquiry, Transaction Status and Money Transfer easily accessible to the under-banked population of India. Anyone can now avail these services without visiting their banks, simply through the strong FinXpay Retailers network.
Aadhaar Enabled Payment System or AEPS is a new payment service offered by the National Payments Corporation of India to banks and financial institutions using ‘Aadhaar’. Aadhaar is a unique identification number issued by Unique Identification Authority of India (UIDAI). This service can be availed at Customer Access Points (CSPs) managed by Business Correspondents (BCs) using Point of Sale (POS) devices. FinXpay, being one such financial institution, provides AEPS services across India through its appointed BCs who use FinXpay Micro ATM PoS machines.
FinXpay AePS service enables the customer to use their Aadhaar card to access their Aadhaar-linked bank account and carry out basic banking transactions like withdrawals, deposits, balance enquiry, and bank transfers. These transactions can be easily done using a secure Biometric Scanner which is available with all Retailers at FinXpay customer service points.
Like Bharat QR, UPI is a service that merchant can use to directly receive payment from the consumer to his bank account. The machine is integrated with the dynamic UPI QR code unique to the merchant. A customer needs his bank mobile app and can make payments in just a click.
The most striking feature is that there is no need to enter bank account details such as account number, IFSC code, normally while making the transfer. Only details required for funds transfer is the payment amount.
Start providing money transfer service online via FinXpay to your customers and increase your income.
