What is AADHAAR PAY?
AEPS is a bank led model which allows online interoperable financial transaction at PoS (Point of Sale) through the Business Correspondent (BC)/Bank Mitra of any bank using the Aadhaar authentication.
In other words, AirCash Merchant is a retail payment and collection solution enabling merchants to accept digital payments even from customers without a CARD or WALLET or MOBILE.
Aadhaar Pay is a payment system which allows merchants to collect payments from a customer using his/her Aadhaar number and biometric authentication. The Aadhaar seeded account of the customer gets debited and merchant account gets credited.
Aadhaar Enabled Payment System (AEPS) is a sort of installment framework that depends on the Unique Identification Number and permits Aadhaar card holders to consistently make money related exchanges through Aadhaar-based confirmation. The AEPS framework plans to enable all areas of the general public by making budgetary and saving money administrations accessible to all through Aadhaar. AEPS is only an Aadhaar-empowered installment framework through which you can exchange reserves, influence installments, to store money, influence withdrawals, to make enquiry about bank adjust, and so forth. AEPS enables clients to make installments utilizing their Aadhaar number and by giving Aadhaar confirmation at purpose of Sale (PoS) or smaller scale ATMs . This is a straightforward, secure and easy to understand stage for money related exchanges. This is another activity taken by the National Payments Corporation of India (NPCI) to empower cashless exchanges in India.
AirCash is about making payments card less, cashless and mobile-less.
Our solution provides retail market customers to make payments bare pockets.
We provide biometric devices and complete solution to accept payments which are more convenient, fast, simple and secure.
Benefits to Merchants :-
Seamless fund collection from customers
No MDR Charges*
Safe and Secure
Increased customer satisfaction as process saves time
Eliminates cash handling cost and risk.
Transactions on AADHAAR PAY :-
Smartphone (AirCash App) with reliable data connection
Fingerprint Scanner (Biometric Device)
Any Bank A/C
Benefits to Customers :-
No need for a smart phone to make payments
No need to remember PIN & Passwords
Customer ease, easiest way of cashless payment
Pay from any Aadhaar enabled bank account
No security issue as payments are done through biometric authentication
No need to carry cash, Card, Wallet or eWallets.
Transactions on AADHAAR PAY :-
Just need to remember Aadhaar number
Name of Linked Bank Account
Process of Collecting Payments through Aadhaar Pay (Merchant)
Login to AirCash Merchant App and raise an invoice by entering the amount and remarks
Select Aadhaar Pay as mode of payment collection
Merchant needs to ask the AADHAAR No of the Payer or can scan the QR code of AADHAAR CARD (So that system automatically fetch the AADHAAR No)
Customer needs to provide a mobile number present at that moment for deduction notification
Merchant needs to ask the bank name of the customer where he/she wants to pay from and merchant needs to select the said bank from dropdown list of banks
Customer to provide biometric thumb impression on the device for the authentication
Voila!!! Payment Done....