In India's evolving financial landscape, agents and retailers are increasingly becoming the face of digital banking. With over 90% of financial transactions happening outside traditional banks, there’s a massive demand for banking software that empowers local businesses to deliver digital financial services.
Payplex’s B2B fintech platform equips agents and retailers with everything needed to serve their communities—whether they’re offering AEPS service, bill payments, or UPI-based scan-and-pay options. In this in-depth blog, discover how our custom banking and B2B software, supported by robust payment systems and gateways, transforms everyday stores into trusted financial hubs.
???? 1. Why Agents & Retailers Matter
Traditionally, banking infrastructure has been limited and inaccessible in remote regions. But today, with micro ATMs, AEPS service, and integrated bank pay systems, community retailers are becoming crucial digital nodes:
Convenient access points for banking
Trusted by locals, often speaking their language
Available after banking hours
Provide vital online transactions services
Payplex’s B2B fintech solution makes their operations secure, compliant, and scalable.
???? 2. Holistic Banking Software Designed for Agents
Payplex offers purpose-built banking software that enables retailers to handle a range of financial services using:
AEPS service (enabled via AEPS registration online free)
AEPS cash withdrawal support for end-customers
UPI-based scan-pay
Bill payments, mobile recharges, DTH recharges
Interface with payment gateways for seamless transactions
Dashboard for bank pay settlements, commission tracking, and KYC management
All within a single app—no need for multiple platforms.
???? 3. AEPS Registration & Cash Withdrawals—Instant Access
AEPS (Aadhaar Enabled Payment System) allows users to access their bank accounts via Aadhaar-linked biometrics.
How Payplex enables it:
Retailers sign up with AEPS registration online free, linking Aadhaar and bank accounts.
Using a micro ATM device, users can complete AEPS cash withdrawals and balance checks.
Successful withdrawal triggers bank pay settlements to retailers—visible instantly in their dashboard.
This makes Payplex a frictionless payment system and financial access point.
???? 4. Scan‑Pay, UPI, and Instant Fund Transfer
Payplex supports UPI-based scan-pay—a favorite among modern users:
Retailers generate a QR and customers complete payment
Supports scan and pay for bill payments, mobile top-ups, and other charges
Enables real-time online transactions
Enhances retail footfall and revenue
UPI and payment gateways ensure fast, secure, and fee-free transactions.
⚙️ 5. Automation & Scheduled Bill Payments
Using Payplex’s built-in functionality:
Set up automated payment for utility bills or data top-ups
Retailers can schedule transactions weekly or monthly
Ensures steady online transaction volume
Reduces customer friction—no need to wait in queues or remember due dates
This builds recurring business and community trust.
???? 6. Integrated Card Acceptance & Micro ATM Services
Beyond AEPS and UPI, Payplex supports:
Bank pay deposits and withdrawals via micro ATMs
POS terminals for card-based purchases via payment gateways
Banking software detects all transaction types in one view
This integration makes small retailers competitive with larger retail chains.
???? 7. Security, Compliance & Trust
Trust in Payplex banking software is built through:
Aadhaar-based AEPS security
Encrypted and secure payment system
Full regulatory compliance with RBI, NPCI, and UIDAI
Transparent commission statements and settlement alerts via bank pay
This protects agents, users, and Payplex alike.
???? 8. Reporting Dashboard & Real-Time Analytics
Retailers gain access to:
Daily summaries of AEPS, UPI, bill payments, and bank pay collections
Payment gateways reconciliation in one dashboard
Settlement timelines and automated payment logs
Alerts for failed or delayed scan-pay transactions
This empowers retailers to manage finances professionally.
???? 9. Real-World Impact: A Kirana Store Transformation
Consider a small kirana store in Uttar Pradesh:
They onboard via AEPS registration online free
Begin offering cash withdrawals, mobile top-ups, DTH and bill payments
Customers love the convenience, brushing aside the need to visit banks
The store uses scan-pay for groceries and bills, integrated via payment gateways
They earn daily commissions and benefit from bank pay settlements
This transformation uplifts the store into a neighborhood fintech center.
???? 10. What Makes Payplex Stand Out
Feature Benefit
AEPS + AEPS cash withdrawal Enables biometric withdrawals
Micro ATM + POS terminals Multi-mode banking operations
Scan‑pay & automated payment Easy, repetitive transactions
Integrated banking software Unified microfinance view
Online transaction tracking Enables proactive business actions
This synergy solidifies Payplex’s role in the B2B fintech ecosystem.
???? 11. Expanding Horizons & Future Roadmap
Payplex is scaling agent services via:
Integration with bank pay across NBFCs
Loyalty features via payment gateways
Advanced automated payment for loans, insurance, and EMIs
Multi-lingual UI for diverse agent networks
AI-based fraud alerts and transaction patterning
These advancements secure Payplex's role as a frontline banked company enabler.
✅ Conclusion
With Payplex’s seamless banking software and robust B2B fintech systems, agents and retailers can confidently offer essential digital services—AEPS, bank pay, scan-pay, bill pay, and more. Equipped with micro ATMs, POS terminals, and secure dashboards, they move from cash-based stalls to digital service centers.
Looking to empower your locality with digital financial services? Become a Payplex agent today