The RapiPay is finally out, one of the leading assisted payments Fintech companies has finally announced the free service of AEPS(Aadhaar Enabled Payment System) for merchants and retailers in order to make growth in financial inclusion. This step can bring about a huge impact on the Indian market since the pandemic has disrupted the economical status of the country especially the rustic areas. The customers can easily make cash withdrawals from the neighboring agent outlet of RapiPay. RapiPay has decided to activate over 1 lakh new AEPS ids to Rapipay agents which directs you to the conclusion that there will be available more than 1 lakh ATMs for the people.
RapiPay is one of the most trusted payment service providers and it is entrusted by lakhs of Indian retailers. It is an RBI(PPI) license holder company as well as it also leads in banking and financial services like Domestic Remittance, AePs, Micro ATM, and others. Besides this, the other facilities that are provided by them are Online Money Transfer, Mobile Recharge, Online Booking, DTH Recharge, Nepal Transfer, Bill Payments, and many more. You can easily log in on RapiPay by completing the simple KYC. The benefits which you can easily gain from RapiPay are listed below:
- Zero investment
- Higher Commission
- Regular Income
- More footfall
- Business Expansion
- Empowering yourself
You can also become a RapiPay agent, all you have to do is open the official website of RapiPay via Chrome or the mobile application. After that you have to insert your User ID and password. Now, fill in the CAPTCHA details and log in. You can download the RapiPay Agent App from Google Play Store: https://play.google.com/store/apps/details?id=com.rapipay.android.agents&hl=en_IN&gl=US. You can now find the Agent ID on the dashboard after login or even you can contact customer care after completing Agent Registration Process.
Mr. Yogendra Kashyap, CEO of RapiPay said, “At a time when small businesses and people are facing challenges like partial lockdown, social distancing, curfew, etc., the need of easy access of basic financial services to the under banked population is paramount. This initiative will help lakhs of retailers to use AEPS and offer cash withdrawal facility to consumers. RapiPay Saathis are also benefited with one of the best commissions in the industry. We have already seen with the second wave of the lockdown our cash out business has grown by 30% for AEPS and 27% for Micro ATM transaction value for April 2021 over March 2021.”
The pandemic has created a huge loss in the small local businesses and only those businesses were able to overcome the hindrance where the businesses who had access to the digital mediums and who had adopted numerous avenue to sustain their business. RapiPay helps merchants and retailers to provide assisted services to the rural population.
RapiPay has left its footprint on the run of providing the best services to shopkeepers and retailers. The company has also witnessed that in the last year they were able to make growth by over 250% from last year to March 2021. Along with this the number of agents also increased from 50k in Feb 2020 to 2 Lakhs in April 2021. It has also been noticed that the cash-out business has grown by 30% transaction value in April’21 over March’21. The new step taken by the company thinks that the free AEPS activation will encourage more retailers to start providing their customers the services of AEPS.
This lockdown has lead to the urge of the need for AEPS and Micro ATMs because of the doorstep services delivered by Banking Business Correspondents. The customers were also credited with the funds that they availed under the schemes like Jan Dhan Yojana, PM Kisan Samman Nidhi, and others.