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Things To Know About Aadhaar Enabled Payment System

If you have your Aadhaar card and you have also linked your bank account to your Aadhaar, you will be able to use the Aadhaar card for any kind of payment. You no longer need to depend upon a debit or credit card to pay online and you can simply use your Aadhaar card which is a card free of cost. The only cause that you will need to pay is for the financial transactions which are the basic minimum and this system can be used by any Indian.

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Things To Know About Aadhaar Enabled Payment System

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  1. Things To Know About Aadhaar Enabled Payment System

  2. If you have your Aadhaar card and you have also linked your bank account to your Aadhaar, you will be able to use the Aadhaar card for any kind of payment. You no longer need to depend upon a debit or credit card to pay online and you can simply use your Aadhaar card which is a card free of cost. The only cause that you will need to pay is for the financial transactions which are the basic minimum and this system can be used by any Indian.

  3. The Aadhaar Enabled Payment System APIuses your Aadhaar unique identification number to make the financial transactions. Using this system, you can easily make payments, transfer funds, deposit cash, check your balance statement and many more. 

  4. How to use it? The procedure of using the AEPS is quite simple because you will need to visit a micro ATM or point of sale to use your Aadhaar card and verify it. You will need to provide your Aadhaar number along with the name of your band on the screen. Next, you will need to choose the kind of transaction that you want. It could be depositing money, withdrawing money, making certain payments or even checking the account balance.

  5. However, if you need to transfer your funds to another account you will need to visit the bank where your account exists. You will also need to verify your identity by providing the fingerprint or getting your iris scanned. Once you complete the entire process, you will be provided with a digital or paper received that you can collect from the micro ATM.

  6. What is the Bharat Bill Payment System? The Bharat Bill Payment System API is a conceptualized system reserve Bank of India that is driven by the national payments corporation of India. Using this system, the consumers can easily pay their bills using the various digital Bank channels and they can also take the help of other network providers or agents. The payment modes are credit cards and debit cards, internet banking, UPI, e-wallet, IMPS, AEPS and even cash. You can pay your bills like DTH electricity gas telecom water bills, insurance school fees, taxes, loan payments, subscriptions and others.

  7. This process also works on other digital platforms for API, so you can availAadhaar Enabled Payment System API on your mobile phone as well. You can get to know more about these various bill payment systems by getting in touch with a reputed and top ranking API provider today! • Source URL: https://sites.google.com/view/whatdoyouneedtoknowaboutaadhaa/

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