Aadhaar Payment App
Are your looking for what is Aadhaar Payment app? Shocking News for all of you! Now we will get rid of plastic money, like remembering sets of passwords of dozens of banks and panic of the digital payment account passwords being stolen. So now the government of India (Mr. Narendra Modi), Prime Minister of India is now set to launch the Aadhaar Payment app, as the name suggests, will help Aadhaar linked digital payments. The app has been established by the IDFC Bank along with UIDAI and National Payments Corporation of India and will be accessible for download nationwide on Sunday (Today).
The Aadhaar Payment app is planned to be launched today and that is December 25. The Aadhaar Payment app main purposes is to remove the fee payments for service providers like card companies like Master card or Visa, which has been an awkward block in traders so at last we are switching to digital payments, making it reasonable to even traders in remote villages. The Aadhaar Payment app has two sides to it, one is the trader’s app, and the other is the customer app.
How Aadhaar Payment App Work
Here we explain how an Aadhaar Payment app works, Consumer’s Aadhaar card details and their connected bank account details, along with their bio metric tests will confirm transactions. It means that users would no more want to download wallet apps, and can make transactions and purchases directly using their Aadhaar card number, with the support of Unified Payment Interface (UPI). You must be receiving continuous notices or SMS from your bank, to inform your Aadhaar card details with them. So this is a reason why there are asking for it. It is directly linked to bank account details with Aadhaar that is being scheduled by the government to digitize your payments. All the purchaser needs to do is feed in his or her Aadhaar number into the app and select the bank for the operation.
The interesting part is that the complete merchant version of the Aadhaar Payment app is that it does not need the customer to install that application in their device to make successful payments, like you do in situation of mobile wallets like Paytm, Free recharge etc. Government launched many schemes like Mudra bank loan, digital payment, Digi dhan vyapari yojana and Lucky Grahak yojana.
Aadhaar Payment For Traders
If we talk about the trader’s app, all the traders would require the Aadhaar Payment app to work is an Android smartphone, and a biometric scanner. When a customer makes a purchase, they would just need to share their Aadhaar card detail, which would mechanically list down their linked bank account, and selecting the favored bank account will procedure the payment from that specific bank, which will further be valid using biometric scans .
Note– If a customer has two accounts in the same bank, and you have linked your accounts with Aadhaar, you would be asked to select a main account out of the two, so that whenever any Aadhaar based operation is done it will credit or debit from that selected account by default.
Hope you will got all information on Aadhaar payment app. We will explain how it works, trader”s what benefits and etc. istatus.co.in also shared best information on how to check Aadhaar card status by name, pan card status online, status of passport, know Aadhaar update status and UIDAI status. If you have any query how this app works or anything contact through comment box, we will solve your query as soon as early possible.