Prime Minister Narendra Modi today launched BHIM-Aadhaar Pay app, a biometric-based payment system that will make paying with the help of thumb impression a reality, in Nagpur today.
BHIM-Aadhaar, the merchant interface of the BHIM App paves the way for making digital payments by using the Aadhaar platform. This will enable every Indian citizen to pay digitally using his/her biometric data like thumb imprint on a merchants’ biometric enabled device which could be a smartphone having a biometric reader.
Any citizen without access to smartphones, internet, debit or credit cards will be able to transact digitally through the BHIM Aadhaar platform. It will make digital payments easy even for people who cannot read or write, thus realizing Dr. Ambedkar’s vision of social and financial empowerment for all.
Already, 27 major banks are now on board with 3 lakh merchants so that they can start accepting payments using BHIM Aadhaar.