Mumbai: National Payments Corporation of India (NPCI) is pleased to announce the launch of Mobile application for Aadhaar-based payments through BHIM App for merchants. Hon’ble Prime Minister Shri Narendra Modi launched the service.
BHIM Aadhaar works on NPCI’s existing product – Aadhaar Enabled Payment System (AePS). It allows the customer to make purchases using their Aadhaar number linked with their bank account. The transaction just require customer’s fingerprint for authentication.
Mr. A. P. Hota, MD & CEO, NPCI said, “This will directly cater to about 40 crore bank account customers spread across the country whose account is linked with Aadhaar. It is a huge opportunity for enabling digital transactions as about 99% of adult population is now Aadhaar enabled. At present, over 30 banks are participating on BHIM Aadhaar and more member banks shall be on-boarded.”
BHIM Aadhaar would be applicable for retail merchants (individuals and sole proprietors) only and not for corporate merchants.
NPCI has extended support to the banks mentioned below for BHIM Aadhaar on-boarding as on today:
Public Sector Banks and Private Banks
Allahabad Bank, Andhra Bank, Axis Bank, Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, City Union Bank (Issuer), Corporation Bank, Dena Bank, Federal Bank (ONUS), HDFC Bank, ICICI Bank, IDFC Bank, Indian Bank, IndusInd Bank (Acquirer), Indian Overseas Bank, Oriental Bank of Commerce, Punjab National Bank, Punjab & Sind Bank, State Bank of India, South Indian Bank (Issuer), Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India and Vijaya Bank.
Regional Rural Banks (all are issuers)
Kerala Gramin Bank and Pragathi Krishna Gramin Bank sponsored by Canara Bank, Chaitanya Godavari Gramin Bank sponsored by Andhra Bank, Baroda Gujarat Gramin Bank sponsored by Bank of Baroda, Andhra Pradesh Gramin Vikas Bank sponsored by State Bank of India.
About NPCI: National Payments Corporation of India (NPCI) was set up in 2009 as the central infrastructure for various retail payment systems in India and was envisaged by the Reserve Bank of India (RBI) as the payment utility in the country.
Aadhar Payment App Download : Aadhaar Card Payment App for Merchants & Customers with Biometric finger print Scanner Available from Google Playstore for Android, Ios & Windows Mobiles. Check Aadhar card Payment app and let u know the Procedure for How to Pay using Aadhar card Payment App? from Below.
Aadhar Payment APP Download Free : Aadhaar Card payment Application for Merchants and users for Cashless Transactions. Official Aadhar pay google play store Links. The government is coming up with an ‘Aadhaar Payment App’ that could silence digital payments critics. The new app would do away with plastic cards and the point of sale machines once believed to be essential for a less cash society. People no need to face any issues with the plastic money anymore. There is no need to worry about the security of the passwords, digital payments etc. The government has now come up with a great initiative in the name of Aadhar Payment app that will address the issues that commons are facing lately. The government will now launch the Aadhaar Payment app that will allow the user to do digital payments with the help of Aadhaar-linked digital payments.
The Aadhaar Payment app is all set to be launched today i.e., on December 25 that will use individual’s Aadhaar card details and their linked bank account details along with biometric scans to authenticate transactions. This implies that there is no need to download wallet apps anymore. Users can directly make transactions and purchases directly using their Aadhaar card number with the help of Unified Payment Interface (UPI). Using Aadhar payment app user can easily make payments without internet connection, mobile phone and credit/debit cards as well. Users can download the Aadhar Payment app from online and perform transactions using it.
Merchants need to download the Aadhaar cashless merchant app on their smartphones connected to a biometric reader, which is currently available for Rs 2,000. The customer will then feed his or her Aadhaar number into the app, select the bank through which the transaction will take place, and the biometric scan will work as a password for the transaction to be authenticated. “This app can be used by a person to make payments without any phone,” Unique Identification Authority of India (UIDAI) CEO ..
The government, along with the regulator and payments companies, is working to ensure that the objective of making digital payments a reality across the country.
Aadhar Pay: Pay Online using Aadhar Card Details (for Merchants and Users)
Aadhar Pay is the name given to this new UIDAI based payment app. It will work through biometric point of sale machines that are currently available for Rs. 2000 across the country. Talking about stats then nearly 5 crore merchants will be there for Aadhar Pay. However only 15 lacs machines/terminals are installed as of now. This new app will eliminate the needs of carrying plastic cards (debit/credit etc) or remembering online banking passwords anymore.
We have listed out simple steps on how to download and install Aadhaar Payment app. Check them out!
Download and install Aadhar Payment app: Aadhar payment app that was released by the government will now promote the concept of cashless payments. The app is available for all android and ios platforms along with Windows platforms. The app will help both merchants as well as the customers. Merchants can now save additional fee on Mastercard/Visa or any plastic card service company use to charge. With the help of this new Aadhar Payment application, merchants can get rid of additional processing fee.
The app will be available in Google Play Store for free download. Please follow the below procedure to Download aadhaar payment application.
Download Links for Aadhar Payment App?The exact links to download Aadhar Payment App will be available after the App is officially launched by the government of india.
It is very easy to pay using Aadhar card Payment app. There is no need to make use of internet connection, credit/debit card etc to use this app. We have listed out simple steps on how to use the app. Give a glance!
According to a report from the Economic Times, the new app will be launched on 25 December keeping in mind a faster adoption of a cashless society and to eradicate fee payments charged by card companies, making it an affordable digital payment solution for merchants in rural areas.
Why Aadhar payment app Download Links not available in Google playstore? : its available Shorty stay tuned