Government is all set to launch Aadhaar Pay on April 14, a payment system which will enable people to carry out bank transactions just by using their thumb impressions.
Aadhaar Pay is a payment system that will enable individuals to carry out bank transactions by using their thumb impression.
The IT ministry and the Unique Identification Authority of India (UIDAI) has instructed all banks to move to Aadhaar Pay platform by March end.
From referral bonus and cash backs on digital transactions to incentives for online ticket bookings and a new AadhaarPay Application, Modi government is all determined to curb cash transactions and give India a digital push.
"We are going to start Aadhaar Pay. With this people will not require to carry their phone for payments. They can visit any merchant, share their Aadhaar number and verify themselves using biometrics to pay and receive money," Electronics and IT Minister Ravi Shankar Prasad said today.