Empowering Retailers with Additional Income
AePS offers retailers and merchants a valuable revenue stream by enabling Aadhaar-based payment acceptance. This inclusive approach broadens their customer base and reduces the reliance on physical banking tools like cards or passbooks. The cost-efficiency of AePS benefits both merchants and banks, driving higher revenues and making financial services accessible in remote regions.
Transforming Rural Banking
In rural India, AePS simplifies financial transactions using Aadhaar-linked UIDs instead of traditional methods. By January 2023, AePS had processed over 1.31 billion transactions, thanks to 1.32 million Business Correspondents serving over 600 million rural residents. This innovation empowers communities, bridging the gap between banking and underserved areas.
Conclusion
AePS is leading India’s financial inclusion journey. Its simplicity and accessibility are key to creating an empowered, inclusive society where banking reaches everyone, everywhere.
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