aadhar payment app

In a bid to increase the usage of digital payments in the country, the government introduced the Aadhaar payments system. The IDFC bank launched the India’s first bio-metric Aadhaar Pay App based on the digital platform. Interestingly the best part of this app is that the payers no need to carry their debit cards, credit cards and also cell phones.

Besides all these, the Aadhaar linked to the bank account and the thumb impression acts as a password, and it doesn’t impose any transaction fee on the consumer. The Android app launched by the IDFC bank which is only to be carried by the shopkeeper and the only Aadhaar number need to carry by the consumer to the bank.

The banks also revised the charges and people are free from transaction fee currently charged by the card companies such as Visa and MasterCard.

Also ReadComplete step-by-step process of using BHIM App for making cash transactions

How does Aadhaar Pay App Platform work?

In order to use the Aadhaar Payments app, the merchant needs a smartphone with installed IDFC Aadhaar Pay App and bio-metric device to read data. But the payers no need of carrying their smartphone to make the payment.

  • A shopkeeper must download the Aadhaar Pay App on a smartphone, and that should be connected to a biometric device or finger scanner.
  • A consumer needs to feed his or her Aadhaar number.
  • Select the bank from the Aadhaar Pay App that launched by the IDFC bank.
  • No Transaction Fee has to be paid by the consumers.
  • Authenticate the amount and provide the biometric
  • The amount will directly debit from the bank account.

According to the UIADAI, it assured that the Aadhaar Payments are safe as compared to any other mode of the cashless system. The Chief Executive Officer of UIADAI, Ajay Pandey said, “This system is as secure as any other system of payment. In fact, my opinion is that it is safer than any other mode.”

Also ReadIndian Government to Link All Savings Accounts to Aadhar for making Cashless Transactions

Up to now, one billion Aadhaar numbers have made and 400 million are linked to their respective bank accounts. The IDFC Aadhaar Pay App developed jointly by the UIDAI and the National Payments Corporation of India.

Currently, this system is implemented in some rural areas for cashless payments. The Prime Minister, Narendra Modi introduced BHIM App for digital payments and now the IDFC bank launched Aadhaar Pay App to make payments much easier.