​​​
  1. Four things you must know about Aadhaar Payment App

Four things you must know about Aadhaar Payment App

Aadhaar Payment App is an initiative by the government for making cashless transactions through your multiple bank accounts. The universal app offers you to ease out your payments through any bank account without using the internet facility.

By: | Updated: December 29, 2016 1:13 PM
Aadhaar payment app, aadhaar merchant app, aadhaar, aadhaar card, aadhaar status, aadhaar number, aadhaar verification, aadhaar security, adhaar-linked bank accounts, AEBA, Aadhaar Payment Bridge, APB, Aadhaar Enabled Payment System, AEPS, iTune, 12-digit unique Aadhaar number, payments app. The unique 12-digit number, which carries your identity, is needed to do payments at the various merchant who is accepting payments through the Aadhaar card. (IE)

Now there is no need to download and make payments through various digital apps. Aadhaar Payment App is an initiative by the government for making cashless transactions through your multiple bank accounts. The universal app offers you to ease out your payments through any bank account without using the internet facility. The unique 12-digit number, which carries your identity, is needed to do payments at the various merchant who is accepting payments through the Aadhaar card.

What is Aadhaar payment merchant’s app?
It is an application used by the merchants to take payments online from customer’s bank account to their own account using 12-digit unique Aadhaar number of the clients where clients can choose any of their bank accounts to do the transactions. Each transaction will be authenticated by the fingerprint of the customer. Transactions can be made through Aadhaar-linked bank accounts (AEBA) only.

You may also watch:

What is the security concern?
It is a highly secure app which will use two main platforms – Aadhaar Payment Bridge (APB) and Aadhaar Enabled Payment System (AEPS). APB will act as repository between the banks and the customers to provide a smooth flow of transactions, while AEPS will help in authenticating the online process.

What are its benefits for a customer?
You do not require a debit card of credit card for payments
You do not need POS machine to swipe the card.
You do not require the internet connect to any app to register
You do not require multiple apps like digital wallets to make any payment

You may also watch:

How can you use it?
Android users can download the app from play store while iPhone users can download it from iTunes. Merchants can login from their Aadhaar number using the fingerprint scanner. Once the app is validated, merchants can use it to take payments. Options like account summary, payments, etc. are available in the app where the merchant needs to click on the pay option and enter the Aadhaar number of the customer. As soon as the Aadhhaar number is entered, it will show you the numbers of banks through which want to do payments. Make sure that before using the Aadhaar number you need to register your Aadhaar number with all your bank accounts. Validation of payment will again require the customer’s fingerprint to authenticate the transaction process.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. v
    v.v.krishnamurty
    Jan 29, 2017 at 8:40 pm
    hi this is v.v.krishnamurty.This app process is very simple and good. Please promote this app immediately.Thank you.
    Reply
    1. R
      Rahul jain
      Dec 29, 2016 at 3:00 am
      Where will we get this machine to scan finger
      Reply
      1. B
        Bv
        Dec 27, 2016 at 5:57 pm
        Please ensure that the app will open only if the merchant in question will give his thumb impression. This is required so that the merchant will not escape in case of any misuse. Like he will say somebody else has used his machine in his absence and not aware of the customer/transaction etc etc.Because we have lot of illiterates not only in villages but also in urban towns ans cities.
        Reply
        1. Mayur Panghaal
          Dec 27, 2016 at 5:06 pm
          India may have the world’s second largest internet user base, but connectivity remains out of reach for nearly 950 million citizens, a report said today...and now feku has come up with a brilliant idea of making payments via Adhaar cards...for which one needs the following:-Biometric Readers at all shops (costing a few thousand rupees)Internet connection (costing a few hundred rupees per month)Bank accounts linked to Adhaar (Not even 1% of the 45 crore accounts in the country)Smart phone (costing thousands of rupees).Internet connection (costing hundreds of rupees).24/7 electric supply.Technical literacy.---Feku has gone bonkers.The guy is a lunatic on steroids.
          Reply
          1. Mayur Panghaal
            Dec 27, 2016 at 3:06 pm
            India may have the world’s second largest internet user base, but connectivity remains out of reach for nearly 950 million citizens, a report said today.---Feku has gone bonkers.
            Reply
            1. Mayur Panghaal
              Dec 27, 2016 at 2:09 pm
              What this article does not mention is that...-the Merchant will need to spend on Bio-metric machines costing a few thousands.(small shopkeepers out of equation)-The customer will need to possess a smartphone costing a few thousands.(60% of country below poverty level)-Will have to be literate (50% of country)-Will have to have access to the internet (which means more expense)-Could have his biometric data stolen and misused-Shopkeeper will also have to have access to internet.(which means more money)-Shopkeeper will have to have access to electricity (Which basically puts 75% of Villages out of equation).-------------------this feku's lack of basic knowledge about India is baffling.------------------Why not make donations to BJP cashless for starters ?? Feku
              Reply
              1. P
                PRAKASH
                Dec 28, 2016 at 8:13 am
                Good move, let's learn to adapt a change. It's a very much possible move. I agree change comes with minor inconvenience but we can. In the long run these kind of changes are going to help the country along with our development.Excellent
                Reply
                1. Satya Ramchander
                  Dec 27, 2016 at 1:45 pm
                  excellent initiative....this will revolutionize cashless transactions
                  Reply
                  1. S
                    swarajganguly
                    Dec 27, 2016 at 4:11 pm
                    this may be the game changer in the digital payment scenario !
                    Reply
                    1. Load More Comments

                    Go to Top