Monday, 23 January 2017

Government pushing to popularize Aadhaar Pay

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The Indian Government has said that it is pushing to popularise Aadhaar Pay which ensures financial transactions by just using fingerprint. As per reports, Aadhaar Pay, which is merchant version of the already in use Aadhaar-enabled payment system (AEPS), will become an alternative for all online and card transactions which require password and PIN. The app facilitates merchants to take cashless payments from a customer who is only required to give his Aadhaar number, name of the bank (from where the money is to be deducted) and fingerprint for authentication.

Commenting on the issue, Unique Identification Authority of India (UIDAI) CEO AB Pandey said, “Aadhaar Pay works on any android-based phone, even a low cost one, with an attached finger biometric device.” “At present five banks — Andhra Bank, IDFC Bank, IndusInd Bank, State Bank of India and Syndicate Bank — have gone live over Aadhaar Pay and several banks are in the process of launching pilots on the app.

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