Aadhaar Enabled Payment Service or AePS, is an Aadhaar based payment solution which empowers bank users to carry out financial transactions (without any debit card/credit card/ cheque book) using only their Aadhaar card, registered with their bank account, and biometric authentication. AePS agents and distributors can provide basic banking services to their customers such as cash withdrawal, balance inquiry and obtaining a mini statement. It is an initiative by NPCI (National Payments Corporation of India) to support unbanked and underbanked sections of India.
At Biswajit Foundation, we not only add the AePS Agent or AePS Distributor to our network, but also take steps to guide them in earning more. Anyone can join our network with a simple AePS Agent registration form that needs to be filled.
Customers can visit their nearest Biswajit Foundation AePS agent and do all these transactions using only their Aadhaar Number and Biometric Authentication.
The AePS system aims to empower all sections of the society by making financial and banking services available to all through Aadhaar. AePS is nothing but an Aadhaar- enabled payment system through which you can transfer funds, make payments, deposit cash, make withdrawals, make enquiry about bank balance, etc.
Bharat Bill Payment System (BBPS) is a one-stop bill payment ecosystem conceptualised by the Reserve Bank of India (RBI) and driven by the National Payments Corporation of India (NPCI). It is an integrated, interoperable and accessible bill payment system. Using BBPS, payments can be made across a wide range of categories such as electricity, telecom, Mobile prepaid and postpaid, DTH, cable, gas, water, municipal taxes, school fees, housing society maintenance, hospital bills, EMIs, recurring deposits, insurance premium and many more.
Domestic Money Transfer is a facility to transfer money to any Bank Account in India on 24*7 basis. The customers can walk in to any of Muthoot Finance Branches with your mobile to create a wallet instantly and transfer money to any Bank Account in India even on Bank Holidays / Banking hours.
The process of transferring money is really simple. The person who wants to send the money would have to deposit the amount to the DMR agent. Then the agent would transfer the amount using NEFT or IMPS technology to the sender. Its process is really simple and straight-forward.
Aadhaar Pay is a payment system which allows merchants to collect payments from a customer using his Aadhaar number and biometric authentication. The Aadhaar seeded account of the customer gets debited and merchant account gets credited.
Micro ATM meant to be a device that is used by a million Business Correspondents (BC) to. deliver basic banking services. The basic transaction types, to be supported by micro ATM, are Deposit, Withdrawal, Fund transfer and Balance enquiry.
Micro ATMs are card swipe machines through which banks can remotely connect to their core banking system. This machine comes with a fingerprint scanner attached to it. ... Micro ATMs. are similar to point of sale (PoS) terminals. and are a doorstep mobile banking arrangement cum-mobile ATM device
FASTag is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly while the vehicle is in motion. FASTag (RFID Tag) is affixed on the windscreen of the vehicle and enables a customer to make the toll payments directly from the account which is linked to FASTag.
FASTag offers the convenience of cashless payment along with benefits like - savings on fuel and time as the customer does not has to stop at the toll plaza.
Before using FASTag recharge online, you must learn about the top providers supported by Biswajit Foundation. With that, you will have an idea of the brands they support. They are:
Cash management is the process of collecting and managing cash flows. Individuals and businesses have a wide range of offerings available across the financial marketplace to help with all types of cash management needs.
The Cash Management Services enables faster realization of funds and thus giving the ability to sell more while lowering need for working. Cash Management Service is now available at Biswajit Foundation web portal, currently allow Biswajit Foundation retailers to accept Payments of various billers. Now accept your Customer's Loan EMIs and get instant credit in their respective biller account. Biswajit Foundation is providing attractive instant commissions on CMS service.
Cash Management System benefits the agent network in rural and semi-urban area to keep requisite cash within their outlets for cash out services. This added service would benefit the agent network in terms of earnings and make it possible to make cash easily available for the last mile of the society via the agents.
The Payment Gateway is the simplest integration method for retail software payment applications and websites. Do everything from programmatically sending payments from your bank account to collecting payments via virtual accounts, making instant refunds & everything in between, with Opens APIs. Let your customers choose from multiple payment options, anywhere, anytime.
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