Aadhaar Pay

Aadhaar Enabled Payment System records 2.65mn transactions worth Rs 316cr in January

Aadhaar Enabled Payment System (AEPS) based financial transactions have seen around 2.65mn transactions in January 2017.

Aadhaar has ambitions to be a one-stop solution, but there are concerns that still remain

The Unique Identification Authority of India (UIDAI) started off with Aadhaar enrollments back in 2010. It has been close to seven years since, and the 12-digit Aadhaar number is much more than just an identity number now, with over 1.1 bn Indians already enrolled on the Aadhaar platform.

Aadhaar Pay for merchants to be introduced with four banks including SBI soon

Aadhaar Pay for merchants is going to be launched soon by State Bank of India (SBI), Syndicate Bank, IDFC bank and Indusland bank.

Bhim app sees over 14 mn registrations since launch, says IT Minister

The recently launched Bharat Interface for Money (Bhim) app has seen more than 140 lakh registration, IT Minister Ravi Shankar Prasad said in New Delhi on Friday.

Union Budget 2017: Payments industry hails sops, cap on cash withdrawals

Finance Minister Arun Jaitley's other proposals include launch two new schemes to promote the usage of the BHIM app including referral bonus and cash back for merchants.

Naidu panel for Rs 1,000 subsidy on smartphones, taxing withdrawals above Rs 50,000

The committee comprising Maharashtra Chief Minister Devendra Fadnavis and Madhya Pradesh Chief Minister Shivraj Singh Chouhan has also asked the Centre to promote Aadhaar Enabled Payment System (AEPS) by incentivising and not charging MDR.

UIDAI to roll out Aadhaar Pay for merchants to enable cashless transactions without a smartphone

Unique Identification Authority of India has indicated that it will be rolling out Aadhaar Pay app for merchants in the coming weeks.