The Central Government is looking forward and taking necessary steps to reduce cash crux due to demonetization and make India as a cashless economy. As a part of that Government of India is planning to help Aadhaar enabled financial transactions through mobile phones.
Ajay Pandey, Director General of Unique Identification Authority of India (UIDAI), said, “Aadhaar-enabled transactions are card less and pin-less. So, make it easier for all it will introduce to Android users and they can digitally manage using their Aadhaar number and fingerprints/iris authentication.”
He also stated that the Government has already started efforts to implement Aadhaar enabled transactions which require a multi-split strategy which includes taking to mobile manufacturers, merchants, and banks. The move is part of achieving digital payments to reduce cash crunch.
Aadhaar app Ready to be Launched over the next Three to Six months first in Android and Apple phones
NITI Aayog CEO, Amitabh Kant said, “We are already contacting mobile manufacturers to see if mobile made in India could be in built with iris or thumb impression to aid Aadhaar enabled transactions.”He said that Government is rigorously working on a scheme to impediments cash transaction and increase digital transactions in the country, but he refused to share the estimation of the budget for this plan.
The Government is seemingly working on developing a common mobile app that can be used by shopkeepers and merchants for receiving Aadhaar-enabled payment transactions by passing credit and debit cards.
Meanwhile Information Technology Secretary Aruna Sundarajan said, the ministry has already kept Rs 100 crore aside to increase merchant enrollments on digital platform to move the drive.
She also added, “The Ministry will undertake a major outreach message drive starting from Monday to ensure that every segment of the population is enables to use one of the other modes of digital payment”.
The 12 digit Aadhaar Number has already been issued to 1.08 crore people across the country and 99 percent adults have been covered. People can link their Aadhaar with their bank accounts and use Aadhaar-enabled transactions through mobiles.