BHIM-Aadhaar facility across 27 banks in city
Aadhaar-based biometric payment system is now available for merchants who are customers of 27 banks in the city. Banks presented the biometric reader machines to select merchants just as the Central government launched the BHIM-Aadhaar interface nationally on Friday.
HYDERABAD: Aadhaar-based biometric payment system is now available for merchants who are customers of 27 banks in the city. Banks presented the biometric reader machines to select merchants just as the Central government launched the BHIM-Aadhaar interface nationally on Friday.
Each bank presented five merchants each with a biometric reader device.
“The merchant can connect the biometric device to their phones. Authentication of payments can be done by providing just a person’s Aadhaar number and fingerprint,” said the representative of Axis Bank. From today, the Bhim App will also have this feature enabled.
People can also use the banks’ app transactions. The banking feature will operate on the existing Aadhaar Enabled Payment System (AEPS) service used for public distribution services.
Linking one’s Aadhaar to a bank account will allow users to check balance, Aadhaar to Aadhaar fund transfer, cash withdrawals and deposits. The network was developed by National Payments Corporation of India (NPCI).
As many as 27 banks have so far enrolled into the Aadhaar-based payment gateway. Distribution of biometric readers to merchants was inaugurated by finance minister Eatela Rajendar.
To promote Aadhar based payment system, Digi-Dhan melas were held across the state and 7 lakh people have been trained in cashless transactions. Telangana had set up 400 training camps across the state. Close to 70 thousand Point of sales (PoS) machines were distributed as part of the sales mission.
Bank accounts have been opened for united and unorganised sector workers, “49,66,500 such accounts have been set up nationally and there are 50,000 accounts opened through 1,700 camps set up in Telangana,” Union minister for labour Bandaru Dattatreya, who also gave away the biometric readers to the merchants, said.
Meanwhile, Rajender wanted the Centre to waive off charges on digital transactions so that more and more people would go in for cashless transactions.
SBI chief general manager Mani Palvesan, CGM explained how the digital transactions were increasing day-by-day in Telangana. Principal secretary, finance K Ramakrishna Rao explained the importance of digital transactions.