AADHAR Payment App > “IDFC Aadhar Pay” for Merchants
AADHAR Payment App is a new Android smartphone application being launched by the IDFC Bank in association with the government to increase/encourage the use of Digital Payments(Online Payments). IDFC Aadhar Pay Anderoid Payment App would also eliminate the fee currently being charged by the private card companies such as “VISA” & “MasterCard”. The Android application has been launched on 26th December, the day after first draw from ” Lucky Draw Yojana ” held .
Now India is moving towards and dreaming for Cashless Economy (Corruption Less) , and the recent Demonetization of 500/1000 Rs Notes is also helping in achieving PM Narendra Modi’s dream of Digital India. Many Smartphone users have already moved to Digital Wallets for paying at Food Stores,Retail Stores,Shoppings, Petrol pumps, or for Making Electricity/Landline/Postpaid Bill Payments, Mobile, DTH and Data Card Recharge,also For Cab,Travels,Hotel Booking.
IDFC Aadhar Payment App will play a big role in making India a Cashless Economy, however it will take years, probably decades when one can say that India is a Cashless Economy. However, Cashless doesn’t mean “Without Cash”, rather it means “Less Cash”, as per the statement by Mr. Arun Jaitley.
How AADHAR Payment App will Work [For Merchants] >>
1 >> Firstly ,Merchants would be required to Download the AADHAR Pay Payment App on their Smartphone from Google Play Store or athorised App Store .
2 >> Then connect a Fingerprint(Biometric) Scanner to a Smartphone .(Skip ,if you Scanner in your Smartphone) .
3 >> The Finger Print Scanner is currently available for just Rs. 2000 ,Check Here .
4 >> If a customer wants to make payment, then he/she just need to Enter his Aadhar Number in AADHAR Payment App and Select the bank from which they want to made payment and then use fingerprint scanner as the authentication for the transaction of Customer.
5 >> When you entering the Aadhar Number, the App implicitly fetch bank accounts linked with your AADHAR number, then the customer can choose bank for payment as per his/her choice .
For Customers >>
1 >> Customers would not require to give any App/Password/ATM Number/PIN when pay to merchants on any Purchase .
2 >> The bank account holders whose Aadhar number is linked with their bank account only eligible to make payments through Aadhar Pay Payment App .(If ur AADHAR Number is not linked ,just go Bank submit your AADHAR Card Copy to your Bank Branch )
3 >> According to UIDAI, almost 40 Crore Aadhar numbers already stands linked with the bank accounts while the rest are targeted to be linked by March 2017.
Why AADHAR Payment App ?
We usually use our Credit/Debit Cards for making payments on Outlets for Shoppings ,Petrol Pump,Etc .Most of the cards are of 3rd party companies like VISA/Mastercard they charge us some amount when we using this Cards for payments at Any Outlets .
AADHAR Payment App >> There is no 3rd party’s there ,Thats’s there is No Charge for Using this APP just go & use this awesome Cashless Option .[ Recommended for Merchants ] .
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