Biznext: AEPS | DMT | Recharge 5.1.2

Biznext is a sophisticated B2B2C digital platform operated by VK Venture Pvt Ltd, a SaaS-based company registered under the Start-up India initiative. With a history spanning over 14 years, the organization has established itself as a developer of advanced technological solutions, primarily focused on financial technology (fintech) innovations.

The company's overarching objective is to promote financial inclusion across India, particularly aiming to bridge the connectivity gap in tier II and III cities. Biznext endeavors to facilitate the integration of banking services to the last mile, enhancing access and usability. Historically, the organization has contributed to sectors including travel, telecommunications, and e-commerce.

At Biznext, the platform empowers local retail outlets to deliver a range of assisted digital financial services. These include cash deposits and withdrawals, balance inquiries, bill payments, Micro ATM services, Aadhaar Enabled Payment Services (AEPS), DTH and mobile recharges, point-of-sale (POS) services, SMS payments, insurance transactions, and money transfers.

AEPS provides merchants with the capability to offer fundamental banking operations such as cash withdrawals, deposits, and balance checks. The service offers attractive commissions for each completed transaction.

The money transfer feature enables walk-in customers to send funds to any bank account within India, regardless of whether they possess their own bank account. Merchants benefit financially from each transfer processed.

The platform supports utility services including mobile recharges, bill payments for over 100 billers—covering electricity, gas, water, and telecom providers—through the Bharat Bill Payment System (BBPS), all managed via a unified wallet interface.

Micro ATM (MATM) and Mobile POS (MPOS) solutions provide handheld devices that dispense cash in remote areas where traditional bank branches are scarce. These devices function as mobile banking terminals at customers' doorstep, facilitating convenient financial transactions even in remote locations.

For further information, please visit our website at partner.biznext.in or contact us directly at 022-42123123.