Aadhaar Payment system is used for UIDAI for Incentives to Merchants
Aadhaar Payment system is used for UIDAI for Incentives to Merchants
Share:

Just to promote the Aadhaar Payment System, UIDAI is giving incentive to the shopkeepers and sellers to use the bio-metric mode for the digital transaction.

"If a merchant is using Aadhaar- enabled payment systems then he should be put on par with Business Correspondent and whatever facility and commission are available to the Business Correspondent, he should be paid on the same lines," Ajay Bhushan Pandey, CEO of UIDAI, told PTI.

"We are saying wherever you do not have business correspondents, supposing a merchant is able to facilitate payment directly from the Aadhaar-linked bank account, then there has to be a system in which the merchant should get the incentive," he said. Doing this would be a win-win for banks too, Pandey said.

"It is beneficial for banks also because banks do not have to hand over that much cash to the Business Correspondent...it is a win-win situation," he added.

"Once this incentive is given, it will give a solid push to digital payment particularly to those sections that do not have access to cards, smartphones, or internet banking. This section of the society will be best dealt, in this manner," he said.

Around 110,000 business correspondents are currently using this Aadhaar-based payment for paying cash. And also used by the Common Service Center for paying various services.  After demonetization mobile wallets, USSD and Rupay get a hike because of less flow of cash and more digital payments.

Budget 2017: Aadhaar number mandatory for filing of Income Tax

Indian PM Narendra Modi emerges as Global Leader, see others position as well

Google to provide offline search option for android users

 

 

Join NewsTrack Whatsapp group
Related News