Everything You Need to Know About AEPS Agent Registration

Ezeepay
January 7, 2023

The Aadhaar-enabled Payment System (AePS) is a game-changer in the digitalization of India, as it enables individuals to access crucial financial services with just their Aadhaar card. To make payments, the cardholder must have their Aadhaar linked bank account and all the necessary information to complete the transaction. This payment system is user-friendly and shares many similarities with traditional credit or debit card transactions. AePS was established by the National Payments Corporation of India to allow individuals to carry out transactions via micro ATMs or Point of Sale devices with a simple biometric verification process.

How does AePS Function?

AePS or Aadhaar-enabled Payments System is a digital platform that enables users to access financial services using their Aadhaar card. In order to complete an AePS transaction, several key players are involved, including:

Aadhaar Card Holder: The individual who holds an Aadhaar card and wants to make a financial transaction.
Agent: A trained professional who facilitates the transaction on behalf of the Aadhaar card holder.
Aadhaar-linked Bank: The bank with which the Aadhaar card holder’s account is linked, and through which the financial transaction is carried out.
UIDAI: The Unique Identification Authority of India, responsible for biometric authentication.
NPCI: The National Payments Corporation of India, is responsible for the settlement of the transaction between the two parties.

Together, these players ensure that AePS transactions are secure, seamless, and efficient.

AePS Agent Registration

The registration process includes providing personal and business details, uploading necessary documents, and completing the verification process. The agents need to have a valid PAN card, an Aadhaar card, and a bank account to complete the registration process. The agent also needs to have a device such as a micro-ATM or a Point of Sale (PoS) terminal to carry out transactions.

Once the AePS agent registration is complete, the agent will be able to offer various financial services to their customers such as balance inquiry, cash deposit/withdrawal, money transfer, and bill payments. The agent will earn a commission on each transaction made using the AePS facility.

It is important to note that the AePS agent registration process is subject to regular audits by the government to ensure that all registered agents are following the guidelines and regulations set by the government.

Overall, the AePS agent registration process may seem complex at first, but it is a great opportunity for individuals and businesses to offer financial services to their customers and earn a commission on each transaction.

AePS Agent Registration Portal – Ezeepay

Ezeepay is a promising AePS service platform that agents can go with. It is highly trusted and as the name implies it makes AePS services easier for customers. It is not only uncomplicated, quick, and convenient but equally, hassle-free too. With Ezeepay the agents can complete their customer’s transactions and requests without any worries. Ezeepay agents can suggest cash withdrawals, balance inquiries, Aadhar pay, and other services to their customers.

AePS Agent Registration – Requirements

To complete the AePS agent registration agents need to pass the security gateways to ensure sincerity. Note down the below-mentioned requirements that an event should prepare beforehand while performing AePS agent registration on Ezeepay.

Offline KYC
Onboarding KYC
eKYC

Documents Required –

Aadhaar card
Pan card
Photo
Bank Passbook

AePS Agent Registration – Step-by-Step Guide

When you first visit the Ezeepay app for AePS agent registration, you need to make sure that you have all the required documents like the aadhaar card and pan card.
Once you are ready with all the necessary documents you need to enter the below details in the given space.
- Your First and last name
- Your Email address
- Your Phone number
- Your State and city
After you are done with filling out these details you will need to enter your pan card and aadhaar card numbers and click on submit.
After the submission, the details are reviewed by the admin and it takes a couple of days for them to revert. If the details are correctly verified you will get approved and if not the admin will disapprove the registration.
Once you get approved, you need to fill out the details again along with the scanned copies of the aadhaar card and pan card.
The last step of the AePS agent registration is eKYC where the agent needs to enter the aadhaar card number. An OTP is sent to the linked Phone number that you need to submit with the fingerprint authentication.

After completing the process the agent’s details are visible on the screen and they can finally help customers use AePS services.

AePS Frauds

There are a number of AePS fraud activities that can take place, so the agent should be well-informed and should be alert all the time. There are several guidelines that the agent can follow so there is no confusion and authentication is done without any issues.

Lastly

Sometimes it’s not the work that is done but the service that matters and being an AePS agent on Ezeepay you will be able to make your customers happy. AePS is a feasible tool that can let your customers make easier and faster transactions in no time. By providing this service to your customers you will acknowledge how easy and thoughtless the process is.